Share capital reduction with court-free process for companies in Hong Kong : How to do

Companies can take advantage of the court-free process in Hong Kong to conduct capital reduction to optimize excess capital, and conduct a share reduction. The Companies Ordinance (Cap. 622) (“CO”)  has introduced a court-free process for reduction of capital of companies. The court free process requires directors to give a solvency statement in order to reduce the company’s capital. The procedures for capital reduction