19 Mar 2009
RE SHAW BROTHERS (HONG KONG) LTD
- Citation
- RE SHAW BROTHERS (HONG KONG) LTD
- Court
- Court of First Instance
- Case number
- HCMP67/2009
The court sanctioned the scheme and confirmed the reduction of capital because the statutory voting majorities and Takeovers Code thresholds were satisfied, the class was properly constituted, Minority Shareholders received adequate disclosure and independent advice enabling an informed vote, the transaction provided a fair cash exit relative to market liquidity, and the reduction of capital was an integral, restorative step causing no prejudice to creditors.