Read the full judgment text of HCMP 000563/1998 on BabelCite. This High Court CFI judgment was delivered on 2 March 1998.
1. This is an application by petition for the confirmation of the reduction of the share premium account of Guangdong Tannery Limited ("the Company"). The authorised share capital of the Company is 700 million shares of ten cents each. The issued and paid-up capital is 527,908,000 ordinary shares. There are certain outstanding options to the employees and officers of the Company, but between the date of the petition and today's hearing, none of the options had been taken up.