Read the full judgment text of HCMP 005475/1998 on BabelCite. This High Court CFI judgment was delivered on 22 January 1999.
1. This is a petition by Captial Asia Limited ("the Company") for confirmation by the court of a reduction of the capital as well as a reduction of the share premium account of the Company. At the date of the petition, the Company had an authorised share capital of $500 million divided into 2,000,000,000 ordinary shares of $0.25 each of which 1,400,592,674 ordinary shares of $0.25 each are in issue.