Read the full judgment text of HCMP 001164/2009 on BabelCite. This High Court CFI judgment was delivered on 1 September 2009.
1. This petition was presented by Socomec Kedu Hong Kong Ltd (“the Company”) for confirmation of the proposed reduction of its share capital, pursuant to section 59 of the Companies Ordinance, Cap. 32. Reduction of capital is sought in somewhat unusual circumstances to correct a clerical error that was made in preparing the memorandum of association regarding the number of shares taken up by the subscribers.