Chao Hick Tin J:

This was an application by certain shareholders for reliefs under s. 216 of the Companies Act. At the conclusion of the hearing I was satisfied that a case was made out and I ordered that the company be wound-up. I now give my reasons.

Gee Hoe Chan Trading Co. Pte. Ltd., hereinafter called the company, was incorporated as a private limited company on 20 December 1960. At the time of the filing of the petition for relief, the main line of business of the company was as commission agent and in investment in real property.

Before the incorporation of the company, there was a partnership business established by one Ng Ah Kim and another Ng Boon Hong. Ng Boon Hong died in 1952. After his death, his interest in the partnership was retained by his widow, Madam Tan Ah Huan (4th petitioner herein) and his children, Ng Kim Kee, Ng Kim Ming, Ng Kin Yeow and Ng King Leang (the 5th to 8th Petitioners herein) and the partnership business was managed entirely by Ng Ah Kim. On the incorporation of the company in 1960, Madam Tan Ah Huan and her children were made shareholders. She was also made a director.

Ng Ah Kim died in 1976. Before his death, most of his shares in the