1. ) HONSIN APPAREL SDN BHD 2. ) HIQ MEDIA (MALAYSIA) SDN BHD v 1. ) SOUTH MALAYSIA INDUSTRIES BERHAD 2. ) BINA MANAGEMENT (M) SDN BHD 3. ) LEOW THANG FONG 4. ) DATO' DR. ABDULLAH BIN SEPIEN 5. ) LATIFAH BINTI ABDUL LATIFF 6. ) DATO' ZAINUDDIN BIN YAHYA 7. ) DATO' SRI MOHD MOKHTAR BIN MOHD SHARIFF

wa-24ncc-269-05-2023 High Court (Mahkamah Tinggi) 1 October 2023 • WA-24NCC-269-05/2023 • 22 min read
9 cases cited (0 SG, 9 foreign)

Outcome

It is for these reasons reason that I allowed Enclosure 79.

Quoted verbatim from the judgment of High Court (Mahkamah Tinggi) (wa-24ncc-269-05-2023). Read the full judgment on the official Malaysia Courts portal for the complete decision.

Catchwords

Companies Act 2016, sections 310(b), 314 - Securities Industry (Central Depositories) Act 1991, sections 34(5), (6) - Shareholders' right to convene extraordinary general meeting - Entitlement to Record of Depositors (ROD) - Whether company may refuse ROD based on alleged Capital Markets and Services Act 2007 breaches - Mandatory nature of section 34 SICDA obligation - Securities Commission's exclusive jurisdiction over take-over violations - Court should not usurp regulatory function - Directors must facilitate rather than obstruct shareholders' statutory rights.

Practice Areas

Company Law

Judges (1)

Wan Muhammad Amin bin Wan Yahya Delivered

Counsel (6)

Gideon Tan Razali Zaini Firm Wong Kian Kheong Firm Alex Tan Chie Sian Counsel Plaintiff Cheah Kha Mun Counsel Plaintiff Gideon Tan Counsel Defendant Yip Man Fei Counsel Defendant

Parties (9)

BINA MANAGEMENT Sdn Bhd Respondent HIQ MEDIA Sdn Bhd Applicant HONSIN APPAREL Sdn Bhd Applicant SOUTH MALAYSIA INDUSTRIES BERHAD Respondent Dato Dr. Abdullah bin Sepien Respondent Dato Sri Mohd Mokhtar bin Mohd Shariff Respondent Dato Zainuddin bin Yahya Respondent Latifah binti Abdul Latiff Respondent Leow Thang Fong Respondent

Statutes Cited

Companies Act 2016 (Cap 777)
s 314
Rules of Court 2012

Cases Cited (9)

UK (1)
[1970] 1 Ch 125
MY (8)
[1983] 1 CLJ 69 [2002] 4 CLJ 401 [2002] 4 MLJ 241 [2009] 5 MLJ 362 [2012] 3 MLJ 458 [2013] 2 CLJ 110 [2017] 7 CLJ 488 [2019] 3 MLJ 129

Judgment

Read the full judgment on the official Malaysia Courts portal.

Read on eJudgment

Source: eJudgment (wa-24ncc-269-05-2023)