JUDGMENT

Ong Chee Kwan JC:

Preliminary

[1] This Originating Summons No W-22NCC-292-05/2 019 ('OS 292')is an oppression suit filed by the Plaintiffs against the 1st and 2nd Defendants under s 346 of the Companies Act 2016 (' CA 2016') concerning theconduct in the affairs of the 3rd Defendant, G&P Structures Sdn Bhd ('G&P Structures').

[2] The judgment deals with, inter alia, the issue of locus standi of beneficial owners of shares in G&P Structures to commence an oppression action and whether breaches of shareholders' agreement and company policy can be grounds for oppression.

Background Facts

[3] About 20 years ago, the 2nd Plaintiff ('Tan') and the 3rd Plaintiff ('Liew') joined the 1st Plaintiff ('Dato' Gue') to form Gue & Partners Sdn Bhd, which is now known a s G&P Geotechnics Sdn Bhd ('G&P Geotechnics'). G&P Geotechnics' principal business is to undertake and execute geotechnical engineering consultancy services in most fields of engineering.

[4] Over the years, Dato' Gue brought in expertsfrom a variety of other engineering fields and the Plaintiffs formed a number of specialist companies forthe purpose of providing those various engineering consultancy services ('GP Professionals