13 Mar 2008
RE LEI SHING HONG LTD
- Citation
- RE LEI SHING HONG LTD
- Court
- Court of First Instance
- Case number
- HCMP84/2008
The court sanctioned the scheme because the statutory requirements were satisfied: the class was properly constituted, adequate disclosure was given, the meeting was properly convened and overwhelmingly approved the scheme, the reduction served a discernible and proper purpose, and creditors would not be prejudiced; accordingly the reduction of capital was confirmed.