22 May 2025
AURELIA JOIE THAI MAXTER GLOVE MANUFACTURING SDN. BHD.
- Citation
- WA-24NCC-315-06/2023 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-24NCC-315-06/2023 (Mahkamah Tinggi)
The application for leave to commence a derivative action is dismissed because the Plaintiff failed to prove she is acting in good faith and failed to show that granting leave would prima facie be in the best interest of the 1st Defendant: the acquisition was approved by the sole shareholder SCB, was commercially justified, auditors did not find impropriety and any accounting reclassification was a presentation adjustment, there is no demonstrated financial loss or identifiable arguable cause of action, and the application appears motivated by collateral/personal disputes.