CGS International Securities Malaysia Sdn Bhd v Cheong Yow Kien

ja-22ncc-37-05-2024 High Court (Mahkamah Tinggi) 30 September 2025 • JA-22NCC-37-05/2024 • 6 min read

Catchwords

interlocutary application. Order 14 of the Rules of Court 2012. Writ and Statement of Claim. Individual share trade account. Euro Shares. Euro Holdings Berhad shares.Contra transaction. Rabiah bt Ani v Samsi bin Hj Hasim (t/a Syarikat Perniagaan Jaya) & Anor (2011) 7 MLJ 225. Abdol Mulok bin Awang Damit v Perdana Industri Holdings Bhd (2003). Fraud allegation. Triable issues.

Practice Areas

interlocutary application. Order 14 of the Rules of Court 2012. Writ and Statement of Claim. Individual share trade account. Euro Shares. Euro Holdings Berhad shares.Contra transaction. Rabiah bt Ani v Samsi bin Hj Hasim (t/a Syarikat Perniagaan Jaya) & Anor (2011) 7 MLJ 225. Abdol Mulok bin Awang Damit v Perdana Industri Holdings Bhd (2003). Fraud allegation. Triable issues.

Judges (1)

Noor Hisham bin Ismail Delivered

Counsel (4)

Lee Hishammuddin Allen & Gledhil Firm S. K. Song Firm Lee Hishammuddin Allen & Gledhil Counsel Plaintiff S. K. Song Counsel Defendant

Parties (2)

CGS International Securities Malaysia Sdn Bhd Plaintiff Cheong Yow Kien Defendant

Case Significance

CGS International Securities Malaysia Sdn Bhd v Cheong Yow Kien is a High Court (Mahkamah Tinggi) decision dated September 30, 2025 (citation: ja-22ncc-37-05-2024). <p>CGS International Securities, a licensed stock broker, sued the defendant for RM1,594,982.89 arising from losses on a contra transaction involving Euro Holdings Berhad shares. The defendant claimed he did not understand the documents he signed and alleged fraud. The court granted summary judgment for the plaintiff, finding the defendant's defences of non est factum and fraud were bare assertions insufficient to raise triable issues.</p> The case was decided by Noor Hisham bin Ismail. Counsel appearing: Lee Hishammuddin Allen & Gledhil (counsel for plaintiff), S. K. Song (counsel for defendant).

Summary

CGS International Securities, a licensed stock broker, sued the defendant for RM1,594,982.89 arising from losses on a contra transaction involving Euro Holdings Berhad shares. The defendant claimed he did not understand the documents he signed and alleged fraud. The court granted summary judgment for the plaintiff, finding the defendant's defences of non est factum and fraud were bare assertions insufficient to raise triable issues.

What was the outcome of CGS International Securities Malaysia Sdn Bhd v Cheong Yow Kien?

<p>CGS International Securities, a licensed stock broker, sued the defendant for RM1,594,982.89 arising from losses on a contra transaction involving ...

Statutes Cited

Rules of Court 2012