Has anyone on here any experience with the new companies ordinance on share buy backs? Specifically is it an expensive proposition? We want to do a buyback every quarter for 5 years, trying to figure out if that is at all practical.
Has anyone on here any experience with the new companies ordinance on share buy backs? Specifically is it an expensive proposition? We want to do a buyback every quarter for 5 years, trying to figure out if that is at all practical.
CR has a Q&A on it - https://www.cr.gov.hk/en/companies_o...are-cap.htm#04
Just ask your lawyer to draft the docs. Key is you can satisfy the solvency test at the time of each buy back.
Yeah I read the FAQ before posting. Was hoping someone would give me a more practical insight. We don't have a lawyer (but can find one) - I guess it's more a question of "is this an hour of the lawyer per buyback" or a week of his time plus a bunch of accounting audits. What does solvency really mean?