Redemption of shares Redeemable shares (可贖回股份) Shares issued with redemption terms at a specified future date Share redemption/buy-back () ▶ The new Companies Ordinance allows greater flexibility for the share redemption or buy-back The payment for the redemption may be made: ▶ Out of proceeds of fresh issue of new shares ▶ Out of company's distributable profits ▶ Out of capital, following procedures prescribed in the new Companies Ordinance (New Co. Ord.)

Redemption of shares Redeemable shares (可贖回股份) Shares issued with redemption terms at a specified future date Share redemption/buy-back () ▶ The new Companies Ordinance allows greater flexibility for the share redemption or buy-back The payment for the redemption may be made: ▶ Out of proceeds of fresh issue of new shares ▶ Out of company's distributable profits ▶ Out of capital, following procedures prescribed in the new Companies Ordinance (New Co. Ord.)

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 3C

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