Mohd Johari bin Abdul Raoff 1. Khor Ben Jin 2. Dato' Kua Khai Shyuan 3. Zaidi bin Mat Isa @ Hashim 4. Hoo Wai Keong 5. Muhammad Faliq bin Mohod Redzuan 6. Ong Tee Kein 7. Yap Kim Choy 8. Tan Kok Hui 9. Chai Jian Yao 10.Tajul Khalil bin Moha

Mohd Johari bin Abdul Raoff 1. Khor Ben Jin 2. Dato' Kua Khai Shyuan 3. Zaidi bin Mat Isa @ Hashim 4. Hoo Wai Keong 5. Muhammad Faliq bin Mohod Redzuan 6. Ong Tee Kein 7. Yap Kim Choy 8. Tan Kok Hui 9. Chai Jian Yao 10.Tajul Khalil bin Moha

The court held that on the face of the Originating Summons the Plaintiff, as a member of the company at institution of proceedings, has locus standi and the OS discloses reasonable causes of action including alleged wrongful share issuances, breach of fiduciary duty and oppression; triable issues exist and the OS is...

Source-derived case information.

Citation
WA-24NCC-595-11/2019 (Mahkamah Tinggi)
Parties
Plaintiff: Mohd Johari bin Abdul Raoff; 1st Defendant: Khor Ben Jin; 2nd Defendant: Dato' Kua Khai Shyuan; 3rd Defendant: Zaidi bin Mat Isa @ Hashim; 4th Defendant: Hoo Wai Keong; 5th Defendant: Muhammad Faliq bin Mohd Redzuan; 6th Defendant: Ong Tee Kein; 7th Defendant: Yap Kim Choy; 8th Defendant: Tan Kok Hui; 9th Defendant: Chai Jian Yao; 10th Defendant: Tajul Khalil bin Mohamad; 11th Defendant: Metronic Global Berhad
Court
High Court
Jurisdiction
Malaysia
Judgment Date
7 September 2020
Case Number
WA-24NCC-595-11/2019 (Mahkamah Tinggi)
Procedural Posture
Originating Summons (commercial Division) / Interlocutory Striking Out Applications
Outcome
Applications to strike out dismissed
Legal Topics
Striking Out, Locus Standi, Oppression of Shareholders, Derivative Action, Breach of Fiduciary Duty, Declaratory Relief, Abuse of Process, Share Issuance, Discovery
Company Law Civil Procedure Securities and Listing Regulation Striking Out Locus Standi Oppression of Shareholders Derivative Action Breach of Fiduciary Duty +4 more

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Parties

Mohd Johari bin Abdul Raoff

Plaintiff

Khor Ben Jin

1st Defendant

Dato' Kua Khai Shyuan

2nd Defendant

Zaidi bin Mat Isa @ Hashim

3rd Defendant

Hoo Wai Keong

4th Defendant

Muhammad Faliq bin Mohd Redzuan

5th Defendant

Ong Tee Kein

6th Defendant

Yap Kim Choy

7th Defendant

Tan Kok Hui

8th Defendant

Chai Jian Yao

9th Defendant

Tajul Khalil bin Mohamad

10th Defendant

Metronic Global Berhad

11th Defendant

Procedural Posture

Originating Summons (commercial Division) / Interlocutory Striking Out Applications

  1. 1 Whether the OS discloses a reasonable cause of action
  2. 2 Whether the Plaintiff has locus standi as a member to bring the OS
  3. 3 Whether the share allotments under ESOS and private placement were wrongful and void

Ratio Decidendi

The court held that on the face of the Originating Summons the Plaintiff, as a member of the company at institution of proceedings, has locus standi and the OS discloses reasonable causes of action including alleged wrongful share issuances, breach of fiduciary duty and oppression; triable issues exist and the OS is not scandalous, frivolous or an abuse of process, therefore the applications to strike out must be dismissed.

Court Disposition

Applications to strike out dismissed

Orders

  • Dismiss all striking-out applications (enc. 33, 35, 37, 38)
  • Costs fixed at RM2,500 each to be paid by the applicants, subject to allocator