11 Mar 2014
RE BURLINGTON WORLDWIDE LTD
- Citation
- RE BURLINGTON WORLDWIDE LTD
- Court
- Court of First Instance
- Case number
- HCMP283/2014
The court was satisfied on the evidence that the Articles and special resolution authorized the reduction, that shareholders were equitably treated and informed, creditors were reasonably safeguarded given no existing creditors and parental undertaking, and the reduction served a clear purpose in a corporate reorganisation; accordingly the court confirmed the capital reduction and made the order sought.