29 Oct 2004
RE FUJI COPIAN (HK) LTD
- Citation
- RE FUJI COPIAN (HK) LTD
- Court
- Court of First Instance
- Case number
- HCMP1011/2004
The reduction of capital was confirmed because a valid special resolution existed, the reduction served a legitimate purpose, shareholders were treated equitably, creditors’ interests were adequately protected by letters of support/subordination and the company’s strong financial position, and the court properly exercised its discretion to dispense with s59(2) inquiries.