26 Sept 2021
1. LIM SWEE CHONG, ROBERT (No. Pasport Singapura: S1691135F) 2. LIM SWEE JOO, RICHARD (No. Pasport Singapura: S1310204Z) 3. HO SANG BIN (No. Pasport Singapura: E5624455E) 4. PUAH KOT CHOON (No. Pasport Singapura: E5184611E) 1. TAT TAT WEI,
- Citation
- JA-24NCC-5-01/2019 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- JA-24NCC-5-01/2019 (Mahkamah Tinggi)
The court accepted the contemporaneous documentary and accounting evidence showing RM250,000 was injected as paid-up capital in accordance with a unanimous resolution and minutes, that Plaintiffs were intended beneficial owners of 155,000 shares held on trust, and that subsequent allotments in 2018 which diluted Plaintiffs' holding, refusal to register their shares, withholding of dividends and exclusion from management constituted oppressive conduct and breach of fiduciary duties under s.346 Companies Act 2016; accordingly the s.346 remedies sought (specified in Annexure 1 prayers (1)–(9) an…