SupremeToday Landscape Ad
Back
Next
Judicial Analysis Court Copy Headnote Facts Arguments Court observation
judgment-img

2018 MarsdenLR 2366

HIGH COURT MALAYA PULAU PINANG
TEOH AH CHA @ TEOH SIK SEN & ORS – Appellant
Versus
HUATSON SDN BHD & ORS – Respondent


Petitioner Advocates:Chow Kok Leong ,Respondent Advocate: Latsmanan

[1] The facts of the Plaintiffs' cause of action could be summarized as follows:-

(i) That the purported transfer of shares of 158,181 shares of the 1st Defendant, being 24% of total shareholding belonging to the late Teoh Ah Ngau ("the Deceased") to the 2nd Defendant, had contained elements of fraud;

(ii) That there was no consideration given in exchange for the transfer of the said 158,181 shares;

(iii) That the Deceased died intestate wherein the distribution and division of his assets was issued and executed by Amanah Raya Berhad Malaysia vide directive (No. 01420) on 8 February 1996 at its Ipoh's branch, pertaining to the 662 shares (at price of RM1.30 per unit) worth at RM860.60 and 6,662 shares (at the price of RM3.60 per unit) worth RM23, 983.20 under the Koperasi Serbaguna Malaysia Berhad ("KSM") to his beneficiaries including the Plaintiffs but until to date, there was no distribution made to the Plaintiffs despite them being the beneficiaries;

(iv) That there are suspicions, misgivings and/or reasonable doubts on the authenticity and/or legitimacy on the sale of 530,900 shares of DTI Holdings Sdn Bhd (Company No. 64818-X) belonging to the Deceased which purportedly agreed to

Click Here to Read the rest of this document
1
2
3
4
5
6
7
8
9
10
11
SupremeToday Portrait Ad
supreme today icon
logo-black

An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers

Please visit our Training & Support
Center or Contact Us for assistance

qr

Scan Me!

India’s Legal research and Law Firm App, Download now!

For Daily Legal Updates, Join us on :

whatsapp-icon telegram-icon
whatsapp-icon Back to top