JUDGMENT

Roz Mawar Rozain J:

[1] The plaintiff is a company incorporated in Singapore, whilst the 1st defendant is a private limited company incorporated in Malaysia. The 2nd defendant is also incorporated in Malaysia but is a public limited company. The 2nd defendant is in the business of developing property projects, including but not limited to those involving commercial, residential and/or mixed-use residential and commercial projects.

[2] Both the defendants are shareholders of Lextrend Sdn Bhd (Lextrend), a subsidiary of the 2nd defendant. Lextrend was incorporated in 2012 and serves as the holding company for the entity undertaking the development of a mixed commercial development initially known as UMLand Medini Lakeside Developments (now known as UM City) in Medini Iskandar, Malaysia.

[3] Dato' Ng Eng tee is the Executive Chairman and a shareholder of the 2nd defendant, as well as a director and shareholder of the 1st defendant. His son, Dennis Ng Yew Khim, is the Managing Director of the 2nd defendant Group of Companies, a shareholder of the 2nd defendant, and a director and a shareholder of the 1st defendant. They both participated in the contract negotiations with the plain