14 Apr 2025
KOAY PENG SOON 1. ) LEE SEIK FUN 2. ) LIM LEONG CHUAN 3. ) ENPRO SOLUTIONS SDN BHD 4. ) ABRE ENGINEERING SDN BHD 5. ) ENPRO TEKNOLOGI SDN BHD 6. ) ENPRO ENGINEERING SDN BHD
- Citation
- WA-24NCC-329-07/2024 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-329-07/2024 (Mahkamah Tinggi)
On the balance of probabilities the majority directors denied the Plaintiff access to company financial information and transferred substantial funds to related companies without proper authorization or contemporaneous documentation; that conduct constituted oppression under s346 Companies Act 2016 and the appropriate equitable remedy is a court‑directed buy‑out of the Plaintiff's 30% shareholding with valuation that accounts for improperly diverted funds and excludes a minority discount; the defendants' counterclaim failed procedurally and on the evidence.