18 Jul 2025
1. ) WONG KIE YIK 2. ) WONG KIE CHIE 3. ) PATRICK WONG HAW YEONG 4. ) ANNIE WONG HAW BING 5. ) HAPPY WONG FEI FEI 1. ) KATHRYN MA WAI FONG (as the personal representative, executrix and trustee of the estate of the late Wong Kie Nai) 2. ) S
- Citation
- 02(f)-44-08/2023(Q) (Mahkamah Persekutuan)
- Court
- f
- Case number
- 02(f)-44-08/2023(Q) (Mahkamah Persekutuan)
The Federal Court held Duomatic is not the appropriate basis to displace the specific statutory regime; validation of the impugned share issuances is permissible under the Companies Act 1965 (s63 and/or s355) where the court is satisfied it is just and equitable and no substantial injustice results; applying the statutory criteria to the facts, validation was appropriate and the Court of Appeal's orders are affirmed albeit on statutory grounds rather than Duomatic.