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
Related questions
Question
What is redeemable shares? What is the dfferences between ordinary shares?
What is share redemption.
What is buy back?
![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.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F405a47b2-48e8-4035-8b7a-a714b465a78b%2Ff38e5b2e-bc26-4b25-8b72-71e93e6cbeff%2Fotvm2vqa_processed.png&w=3840&q=75)
Transcribed Image Text: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.)
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