Ahmad Murad Abdul Aziz J:

Introduction

[1] In this Petition, the Petitioner seeks to wind-up Loh Realty Sdn Bhd ("the Respondent"‌) which is a family company. This Petition is filed pursuant to s 465(1)(h) of the Companies Act 2016 (" CA 2016").

[2] The basis to wind-up the Respondent is the alleged breakdown in relations between the Petitioner and the other shareholders of the Respondent.

[3] The Petitioner is a registered shareholder of 1,983,333 (49.5%) shares in the Respondent.

[4] As at the date of this Petition, the authorized share capital of the Respondent is RM5,000,000.00 divided into 5,000,000 shares of 1.00 each. The amount of capital paid-up or credited as paid-up is RM4,000,000.00

[5] As at the date of this Petition, the registered shareholders of the Respondent are as set out below:

[6] The shareholders of the Respondent are presently divided into two factions. The factions consist of:

6.1 Khong Kok Yau, Khong Kok Yun, Ong Cheng Lian, Ong Ghee Sai, Ong Giok Pin, Ong Giok Yan and Ong Soo Keok (deceased) holding 50.5% of shares in Log Realty ('the majority shareholders') and

6.2 The Petitioner, holding 49.5% of shares in the Respondent.

Background Of The Respondent

[7]