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2025 MarsdenLR 5939

COURT OF APPEAL (PUTRAJAYA)
RAVINTHRAN N PARAMUGURU, LIM CHONG FONG, CHOO KAH SING, JJ
Ho Sue San @ David Ho Sue San – Appellant
Versus
Hovid Bhd & Ors – Respondent


Advocates:
Kelvin Seet Wan Nam (with Nigel William Kraal) (Cheang & Ariff) for the appellant.
James Khong Yoon Hong (James Khong) for the first respondent.
Nicole Wan Yee Herng (Shook Lin & Bok) for the second respondent.
Lee Shih (with Sia Sew Mun, Alvin Oh, Wong Chee Chien and Sew Chang Peng) (Lim Chee Wee Partnership) for the third respondent.

Table of Content
1. introduction of the shareholder dispute and company details. (Para 1 , 2 , 3)
2. background on company structure and shareholder relations. (Para 4 , 5 , 6 , 9 , 10 , 11 , 12 , 13 , 14 , 17)
3. initiation of oppression action and specific claims made. (Para 18 , 19 , 20 , 21)
4. grounds of judgment and findings of the high court. (Para 22 , 23 , 24)
5. review of equitable bargain and oppressive conduct analysis. (Para 25 , 27 , 28 , 29)
6. analysis of equitable considerations in shareholder disputes. (Para 30 , 31 , 32 , 33 , 34 , 35)
7. judicial norms on equitable rights of shareholders. (Para 36 , 37 , 38)
8. outcomes of joint ventures and management controls. (Para 39 , 40 , 41 , 42 , 43 , 44)
9. third respondent's handling of confidential information. (Para 45 , 46 , 47 , 48)
10. critical observations on judicial commissioner's findings. (Para 49 , 50 , 51 , 52 , 53)
11. importance of agreements and shareholder expectations. (Para 54 , 55)
12. need for appellate intervention based on judicial misdirection. (Para 56 , 57)
13. final judgments and orders of the appellate court. (Para 58 , 59 , 60 , 61 , 62)

Lim Chong Fong JCA:

GROUNDS OF JUDGM ENT

(DISSENTING)

INTRODUCTION

[1]Th

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