Azizan Md Arshad JC:

GROUNDS OF JUDGMENT

Introduction

[1]The Originating Summons (Enclosure 1) is made pursuant to Sections 515758102103106107346Companies Act 2016Section 41Specific Relief Act 1950

(a)That the termination of former secretary Lee Kin Nai [“LKN”] and the appointment of current company secretary D4 is cancelled and/or null and void;

(b)That P2 be registered and entered into records as a director and shareholder holding 36 shares / 40% in ABEST;

(c)A declaration that D1 is holding 27 shares / 30% in ABEST on trust for P2;

(d)That P2 and/or D3 buy out Plaintiffs’ shares in ABEST and a valuation be conducted by an independent valuer appointed by this Honourable Court taking into considerations the terms as described in Prayers 10 to 11 of Enclosure 1;

(e)That alternatively, ABEST be wound up and if this Honourable Court does order so, the liquidator nominated by Plaintiffs in Prayer 14 of Enclosure 1 be appointed as liquidator for this matter;

(f)That Defendants to pay to Plaintiffs damages which will be assessed by this Honourable Court;

(g)That costs be borne by Defendants; and

(h)Any other relief this Honourable Court deem fair and just to order.

[2]The Originating Summons (Enclo