Kang Hai Holding Sdn Bhd v Megafest Sdn Bhd (In Liquidation) & Others

Kang Hai Holding Sdn Bhd (KHH) and Kang Hai Realty Sdn Bhd (KHR) appealed against the High Court's dismissal of their claims against Megafest Sdn Bhd (in liquidation) and other respondents for conspiracy and breach of fiduciary duties. The claims arose from the redemption of properties used as collateral for a financing facility granted to Megafest by OCBC Bank. The Court of Appeal upheld the High Court's decision, finding no evidence of conspiracy or breach of fiduciary duties.