Read the full judgment text of HCMP 000306/2004 on BabelCite. This High Court CFI judgment was delivered on 2 March 2004.
1. This is a petition for confirmation of reduction of capital presented by China Everbright International Limited ("the Company") by reducing part of its share premium account, under sections 48B(1) and 59(1) of the Companies Ordinance, Cap. 32. At the conclusion of the hearing, I made an order confirming the proposed reduction in terms of the draft submitted with a minor amendment and these are the reasons for my judgment.