1 Nov 2019
1. Apex Equity Holdings Berhad (Company No.: 208232-A) 2. JF Apex Securities Berhad (Company No.:47680-X) 1. LIM SIEW KIM (NRIC No.: 481024-10-5502) 2. LIM BENG GUAN (NRIC No.: 701125-04-5483) 3. MALCOLM FERNANDEZ (NRIC No.: 711030-10-6297)
- Citation
- WA-24NCC-264-05/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-264-05/2019 (Mahkamah Tinggi)
OS 264 was struck out because the subject matter falls within the Securities Commission's exclusive regulatory jurisdiction under the CMSA, the provisions relied on by plaintiffs are not 'relevant requirements' under s.360 permitting the court to grant the pleaded reliefs, the plaintiffs lacked locus standi as target companies (not aggrieved minority shareholders), and the reliefs were premature while SC investigations were pending; therefore the proper forum is the Securities Commission and not the High Court.