Royalty in company dispute asked to file documents
The parties involved in a petition to wind up Sunshine Fleet Sdn Bhd, the main contractor for the new Shah Alam Hospital and a company owned by the Selangor sultan's sister, were today ordered to file the documents before the court sets a date to hear the petition.
The parties involved in a petition to wind up Sunshine Fleet Sdn Bhd, the main contractor for the new Shah Alam Hospital and a company owned by the Selangor sultan's sister, were today ordered to file the documents before the court sets a date to hear the petition.
The petition was filed on April 27 by Sunshine Fleet's managing director Putera Azamuddin Shah Abdul Aziz against the company, his mother Tengku Putri Arafiah ibni Sultan Abd Aziz Shah and his mother's uncle Tengku Abdul Samad Shah Sultan Salahuddin Abd Aziz.
Kuala Lumpur High Court judge Mohamad Ariff Md Yusof made the order after meeting Putera Azamuddin Shah's counsel Rajan Navaratnam and A Geeta, for the respondents, in chambers.
Rajan told reporters that the judge directed them to file the bundle of agreed documents and non-agreed documents within two weeks.
The hearing date would be fixed when the parties meet on July 9 before the High Court deputy registrar.
He said the judge also gave directions that all the averments contained in both parties' affidavits be accepted as evidence and their lawyers reserved the right to call any witnesses during the hearing of the petition.
Putera Azamuddin Shah filed the petition under Section 181 of the Companies Act 1965, which entitles a minority shareholder to invoke the said section when there are concerns of oppression of the minority by the majority shareholders.
It also refers to situations where there are concerns that the conduct and affairs of the company are being handled in a prejudicial manner, not in the best interest of the company.
Sunshine Fleet is 70 per cent owned by Tengku Putri Arafiah, the Selangor Sultan's sister, 20 per cent by Tengku Abdul Samad and the remaining 10 per cent by Putera Azamuddin Shah. All three are managing directors of the company.
In his petition, Putera Azamuddin Shah said that the company was being managed in an unfair, unwise and prejudicial manner, and that the conduct of its affairs had been contrary to the advancement of stated objectives.
Further to that, he had been prevented from taking part in the company's management and financial affairs.
Putera Azamuddin Shah claimed that he was not informed of two resolutions which were passed in an extraordinary general meeting (EGM) held on Feb 1, 2007, to amend the company's Articles of Association.
- Bernama


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