Lim Seng Boon & Voon Sze Lin v Chew Shin Yong, Mark & Ors

The Plaintiffs, Lim Seng Boon and Voon Sze Lin, filed an oppression action under s. 346 of the Companies Act 2016 against the Defendants, including directors and alleged shadow director Kenneth Vun, claiming mismanagement and dilution of their shareholding in M3 Technologies (Asia) Berhad. The High Court dismissed the Plaintiffs' claim, finding no evidence of oppression or that Kenneth Vun acted as a shadow director. The Court also ruled that the issuance of ESOS shares was for legitimate business purposes and did not unfairly prejudice the Plaintiffs.