23 Jan 2007
RE POLY INVESTMENTS HOLDINGS LTD
- Citation
- RE POLY INVESTMENTS HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCMP2511/2006
The court granted the petition and confirmed the capital reduction and cancellation of the share premium account because the reduction served legitimate, discernible commercial purposes, shareholders were treated equally, creditors were adequately protected by the undertakings and all creditors had consented or raised no objection; accordingly the draft order and minute were approved.