SOON LAI TIONG v 1. ) LIM TIAN FEI 2. ) LENG KAK TIP 3. ) LENG AH LEE 4. ) A.K.K. HARDWARE SDN BHD
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Counsel (6)
Case Significance
SOON LAI TIONG v 1. ) LIM TIAN FEI 2. ) LENG KAK TIP 3. ) LENG AH LEE 4. ) A.... is a High Court (Mahkamah Tinggi) decision dated January 29, 2026 (citation: ja-24ncc-45-09-2025). <p>The plaintiff, a 25% shareholder of A.K.K. Hardware Sdn Bhd, brought a minority oppression action under Section 346 of the Companies Act 2016 after being excluded from management by the other three equal shareholders. The company had operated as a quasi-partnership for over three decades based on mutual trust and informal arrangements. The court found oppression established and ordered the other shareholders to purchase the plaintiff's shares at fair value determined by an independent valuer The case was decided by Noradura binti Hamzah. Counsel appearing: Esther Lee Zhi Qian (counsel for defendant), Fadhil Ihsan (counsel for plaintiff), Lum Man Chan (counsel for defendant), Noor Aisha Apisah (counsel for plaintiff).
Summary
The plaintiff, a 25% shareholder of A.K.K. Hardware Sdn Bhd, brought a minority oppression action under Section 346 of the Companies Act 2016 after being excluded from management by the other three equal shareholders. The company had operated as a quasi-partnership for over three decades based on mutual trust and informal arrangements. The court found oppression established and ordered the other shareholders to purchase the plaintiff's shares at fair value determined by an independent valuer without minority discount.
What was the outcome of SOON LAI TIONG v 1. ) LIM TIAN FEI 2. ) LENG KAK TIP 3. ) LENG AH LEE 4. ) A....?
<p>The plaintiff, a 25% shareholder of A.K.K. Hardware Sdn Bhd, brought a minority oppression action under Section 346 of the Companies Act 2016 after...