Malaysia Case Law: Decisions & Judgments

Topic

Shareholder remedies

Legal area

Court

27 Nov 2023

Chong Tony 1. ) Sunsiri Sdn. Bhd. 2. ) Loh Yoke Chai 3. ) Phan Yau Kam 4. ) Loh Poh Yee

Citation

WA-24NCC-312-06/2023 (Mahkamah Tinggi)
Court

High Court
Case number

WA-24NCC-312-06/2023 (Mahkamah Tinggi)

Disposal of the company's sole asset without prior shareholder approval contravened s.223 CA 2016; that statutory contravention denied the plaintiff's fundamental right to vote and was inherently oppressive; subsequent ratification could not cure the unlawful act; transfer of sale proceeds to the 2nd defendant's personal account evidenced personal benefit and an intention to exclude the plaintiff, establishing oppression under s.346; accordingly the court allowed specific reliefs (prayers 1,3,4,5 and 7) with costs.
29 Aug 2022

1. ) LEONG SENG WUI 2. ) KOK KWANG LIM 3. ) VALHALLA CAPITAL SDN BHD CAELY HOLDINGS BHD PENCELAH 1. ) LOH MING CHOON 2. ) WONG SIAW PUIE 3. ) SIN HOCK MIN 4. ) MOHAMAD HANAFIAH BIN ZAKARIA 5. ) KOO CHEN YENG

Citation

WA-24NCC-732-06/2022 (Mahkamah Tinggi)
Court

High Court
Case number

WA-24NCC-732-06/2022 (Mahkamah Tinggi)

The purported adjournment was invalid because the chairman relied on Article 79(2) which does not authorize unilateral adjournment and he failed to obtain the consent required under Article 80 (by poll); consequently the shareholders validly continued the EGM by electing a chairman, conducting a poll and passing resolutions; reliance on the Notice ROD as the GMROD was proper because the defendant failed to provide an updated ROD and the Notice ROD complied with the statutory requirement of being not less than three market days before the meeting.
9 May 2022

1. ) TERENCE CHEAH EU LEE 2. ) MICHAEL HENG CHUN HONG 3. ) KOH BOON POH 4. ) TAN POW CHOO @ WONG SENG ENG 5. ) NG TIAM HOCK @ TAN TIAM KIEW 6. ) GAN BOON GUAT 7. ) FLORENCE LIM HUI LENG 8. ) KWONG MING KWEI 9. ) YEO BEE KIM 10. ) YAP SIEW L

Citation

WA-24NCC-487-10/2021 (Mahkamah Tinggi)
Court

High Court
Case number

WA-24NCC-487-10/2021 (Mahkamah Tinggi)

The Originating Summons was dismissed because none of the Plaintiffs met the statutory locus standi required by s346 CA 2016: the 1st–10th Plaintiffs were not the aggrieved registered holders of the disputed proxies and their voting rights were not curtailed; the 11th and 12th Plaintiffs were only beneficial owners and not registered members and failed to join the registered nominee holders (JF Apex and CGS‑CIMB); additionally the chairman’s rejection of defective proxy forms fell within his constitutionally and statutorily conferred powers and did not constitute conduct of the company's affa…
6 Feb 2020

1. ZARIMAH BINTI ABDUL RAHIM (NO. K/P : 740611-07-5014) 2. MOHD ZAMZAIMI BIN ABDUL RAHIM (NO. K/P : 790329-07-5243) 1. ZARIFAH BINTI ABDUL RAHIM (NO. K/P : 720828-07-5244) 2. EET ENGINEERING SERVICES SDN BHD (NO.SYARIKAT : 534556-W)

Citation

BA-24NCC-100-07/2019 (Mahkamah Tinggi)
Court

High Court
Case number

BA-24NCC-100-07/2019 (Mahkamah Tinggi)

Plaintiffs' complaints primarily concerned rights and privileges arising from their status as directors/employees rather than rights as shareholders; defendants credibly denied impropriety and the evidence did not show a visible departure into oppressive conduct or disregard of minority interests under s.346; majority shareholder was entitled to exercise control within the company’s constitutional powers; therefore no relief under s.346 was warranted and the originating summons is dismissed.
15 Jan 2020

HAMIZAN BINTI MOHD ARIS (NRIC : 670129-10-6264) 1. BRUHANUTHEEN BIN AHMED MUSTAFA (NRIC : 581217-10-5099) 2. AHMAD RIZA BIN BASIR (NRIC : 601119-08-5755)

Citation

BA-24NCC-114-08/2019 (Mahkamah Tinggi)
Court

High Court
Case number

BA-24NCC-114-08/2019 (Mahkamah Tinggi)

Plaintiff's allegations did not meet the statutory threshold of oppression under s.346: the principal transactions were authorized by directors' resolutions and occurred before the plaintiff acquired shares, the plaintiff delayed unreasonably in bringing the claim, the defendants provided credible explanations and documentary evidence, and conjecture about secret profits or administrative errors is insufficient to establish oppression; accordingly the application is dismissed with costs.

Malaysia Case Law

Chong Tony 1. ) Sunsiri Sdn. Bhd. 2. ) Loh Yoke Chai 3. ) Phan Yau Kam 4. ) Loh Poh Yee

1. ) LEONG SENG WUI 2. ) KOK KWANG LIM 3. ) VALHALLA CAPITAL SDN BHD CAELY HOLDINGS BHD PENCELAH 1. ) LOH MING CHOON 2. ) WONG SIAW PUIE 3. ) SIN HOCK MIN 4. ) MOHAMAD HANAFIAH BIN ZAKARIA 5. ) KOO CHEN YENG

1. ) TERENCE CHEAH EU LEE 2. ) MICHAEL HENG CHUN HONG 3. ) KOH BOON POH 4. ) TAN POW CHOO @ WONG SENG ENG 5. ) NG TIAM HOCK @ TAN TIAM KIEW 6. ) GAN BOON GUAT 7. ) FLORENCE LIM HUI LENG 8. ) KWONG MING KWEI 9. ) YEO BEE KIM 10. ) YAP SIEW L

1. ZARIMAH BINTI ABDUL RAHIM (NO. K/P : 740611-07-5014) 2. MOHD ZAMZAIMI BIN ABDUL RAHIM (NO. K/P : 790329-07-5243) 1. ZARIFAH BINTI ABDUL RAHIM (NO. K/P : 720828-07-5244) 2. EET ENGINEERING SERVICES SDN BHD (NO.SYARIKAT : 534556-W)

HAMIZAN BINTI MOHD ARIS (NRIC : 670129-10-6264) 1. BRUHANUTHEEN BIN AHMED MUSTAFA (NRIC : 581217-10-5099) 2. AHMAD RIZA BIN BASIR (NRIC : 601119-08-5755)