[1] The appellants, LIN WEN-CHIH and LIN WEN-CHUAN, appealed to this Court against the decision of the High Court given on 3 September 2010, where the appellants' claim against the respondent, MYCOM BERHAD, was dismissed with costs.

[2] Below is the summary of the appellants' pleaded case reproduced from the written submission for the appellants:

(a) The appellants were, at all material times, the registered and beneficial shareholders of 18,862,000 shares in a company known as Veramax Sdn Bhd ('Veramax');

(b) The appellants agreed to sell 12,750,000 ofthose shares, representing 51% of the paid-up capital of Veramax to the respondent ('the said sale') for a purchase consideration of RM55,000,000.00 ('the said purchase price');

(c) The said sale is reflected in a Share Sale Agreement dated 1 March 1996 ('the said Share Sale Agreement');

(d) Clause 3.1 of the said Share Sale Agreement stipulated certain obligations to be f