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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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.)
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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