Share buybacks

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  1. #1

    Join Date
    Dec 2013
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    Share buybacks

    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.


  2. #2

    Join Date
    Mar 2008
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    992

    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.


  3. #3

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    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?