28 Sept 2006
RE HUAWEI-3COM CO LTD
- Citation
- RE HUAWEI-3COM CO LTD
- Court
- Court of First Instance
- Case number
- HCMP1580/2006
The Court found statutory requirements satisfied, concluded creditors would not be prejudiced given the audited and management accounts, letters of consent and projected post-reduction cash balances, and therefore confirmed the reduction of the share premium account and authorized the proposed return of capital in the terms of the company resolutions and draft order.