6 Oct 2020
POH BOON SHUNG (NRIC NO. 820626-14-5871) 1) ONG KUAN MING (NRIC NO. 830104-14-5435) 2) YONG TEE SIONG (NRIC NO. 821208-13-5317) 3) OON LI MAN (NRIC NO. 881015-05-5454) 4) ARK ID SDN BHD (CO. NO. 201301042360 (1072185-W)) (previously known a
- Citation
- WA-22NCC-142-03/2020 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-142-03/2020 (Mahkamah Tinggi)
The application was dismissed because, although the Defendants admitted the Plaintiff's beneficial ownership of one-third of the shares, there was no clear admission as to the date or basis for valuation; Order 27 r.3 cannot be used to determine valuation or order transfer where the defendants expressly pleaded the Plaintiff ceased to be a shareholder as at 17.10.2017 and did not admit valuation at current market value.