13 Dec 2022
KATHRYN MA WAI FONG (as the personal representative, executrix and trustee of the estate of the late Wong Kie Nai) 1. ) SOUTHWIND PLANTATION SDN. BHD. 2. ) WONG KIE YIK 3. ) WONG KIE CHIE 4. ) PATRICK WONG HAW YEONG 5. ) ANNIE WONG HAW BING
- Citation
- Q-02(NCvC)(W)-39-01/2020 (Mahkamah Rayuan)
- Court
- NCvC
- Case number
- Q-02(NCvC)(W)-39-01/2020 (Mahkamah Rayuan)
The High Court erred in holding that Duomatic assent must predate the act; the Duomatic principle applies whether assent is given before or after issuance. Contemporaneous records (Form 11, Form 24, audited accounts, AGM/EGM minutes), conduct (voting at EGM to capitalise share capital) and delay by respondents established knowledge/acquiescence such that the respondents could not deny the allotments; accordingly appeals concerning nullification of the allotments (nos. 42, 39, 43) were allowed, the High Court decisions set aside, and validation applications (nos. 38, 44, 41) rendered unnecessa…