2 Jan 2020
1. DATO’ GUE SEE SEW (NRIC NO.: 530503-04-5189) 2. TAN YEAN CHIN (NRIC NO.: 680229-07-5177) 3. LIEW SHAW SHONG (NRIC NO.: 680911-12-5595) 1. HENG TANG HAI (NRIC NO.: 610918-01-5539) 2. NG TAK KEE @ WONG TAK KEE (NRIC NO.: 640417-10-5955) 3.
- Citation
- WA-24NCC-292-05/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-292-05/2019 (Mahkamah Tinggi)
The court held the Plaintiffs had locus standi because the Defendants had previously recognised and treated them as members and executed trust deeds (estoppel); breaches by the Defendants of the Company Policy and Shareholders' Agreement were not merely contractual disputes but amounted to conduct relating to company affairs that was unfair and oppressive; accordingly the court declared oppression and ordered the Defendants to purchase the Plaintiffs' beneficial shares with specified valuation mechanics and awarded costs.