20 Apr 2021
RE SHK HONG KONG INDUSTRIES LTD
- Citation
- [2021] HKCFI 1165
- Court
- Court of First Instance
- Case number
- HCMP140/2021
The court sanctioned the scheme because the statutory and doctrinal criteria were met: the privatisation was a permissible purpose, the class was properly constituted, shareholders were given sufficient information, the required majorities were achieved, and any technical non‑compliance in service was minor and could be waived in the court's discretion; accordingly the reduction of share capital and associated orders were confirmed.