30 Jan 2026
SOON LAI TIONG 1. ) LIM TIAN FEI 2. ) LENG KAK TIP 3. ) LENG AH LEE 4. ) A.K.K. HARDWARE SDN BHD
- Citation
- JA-24NCC-45-09/2025 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JA-24NCC-45-09/2025 (Mahkamah Tinggi)
The company was a quasi-partnership by long-standing mutual trust, equal shareholding and participatory management; the majority directors engaged in a course of conduct (notice singling out plaintiff, conditioning access to records, operational takeover and engineered EGM stalemate) that cumulatively constituted targeted oppression of the plaintiff under s346 Companies Act 2016; continued co-management was impossible and winding up would be disproportionate because the company is viable; the appropriate remedy is a mandatory buy-out of the plaintiff's 82,500 shares at fair value determined b…