Content
No Name of Shareholder Number of shares Held Percentage (%) of
JA-24NCC-27-10/2022
High Court of Malaysia8 Aug 2024
The written judgment as the court issued it, with the coram, case number, and source links. Every paragraph has its own anchor.
Content
No Name of Shareholder Number of shares Held Percentage (%) of
1
Shareholding in D4 Chan Teong Peng father) 31,630 43.622%
2
Chan Kok Thin @ Chan Kok Cheng, the 1st Plaintiff (P1) 1,000 1.379%
3
Chan Bee Tin, the 2nd Plaintiff (P2) 1,812 2.499%
4
Chan Bee Him, the 3rd Plaintiff (P3) 1,812 2.499%
5
Chan Yok Seng, the 1st Defendant (D1) 33,812 46.632%
6
Chan Lian Tee, the 2nd Defendant (D2) 1,812 2.499%
7
Chan Eddy, the 3rd Defendant (D3) 631 0.870% Total 72,509 100 To my mind, a singular dilution of the shareholding of a shareholder in an unfair and egregious manner can suffice as oppressive conduct if it shows a strong propensity or tendency to blatantly disregard or prejudice the interest of the make such order as the Court thinks fit with the view to bring to an end or remedying the matters complained of, and without prejudice to the generality of subsection, the order may-
a
direct or prohibit any act or cancel or vary any transaction or resolution;
b
regulate the conduct of the affairs of the company in the future;
c
provide for the purchase of the shares or debentures of the company by other members or debenture holders of the company or by the company itself;
d
in the case of a purchase of shares by the company, provide for a reduction accordingly of capital of the company; or
e
provide that the company be wound up
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