18 Dec 2007
RE MIZUNO CORPORATION OF HONG KONG LTD
- Citation
- RE MIZUNO CORPORATION OF HONG KONG LTD
- Court
- Court of First Instance
- Case number
- HCMP2108/2007
The court confirmed the reduction because a valid special resolution had been passed, the Company demonstrated solvency and sufficient assets and cash to meet liabilities, creditors’ interests were adequately safeguarded by the undertaking to set aside HK$1,140,361 and there was a discernible commercial purpose for the reduction, therefore the reduction would not prejudice creditors.