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Sharikat Logistics Pte Ltd v Ong Boon Chuan and others [2014] SGHC 224
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[2014] SGHC 224
General Division of the High Court of Singapore5 Nov 2014Suit No 212 of 2011
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Cited in 7 later decisions. No negative treatment detected.
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“Indeed, in Sharikat Logistics Pte Ltd v Ong Boon Chuan and others [2014] SGHC 224 (“Sharikat Logistics”), the only local decision to consider the possibility of a minority buyout order, Judith Prakash J found egregious acts on the part of the majority shareholders but held that th”
“& Over Ltd v Bonvests Holdings Ltd and another [2010] 2 SLR 776 at [132], Eng Gee Seng v Quek Choon Teck and others [2010] 1 SLR 241 at Annex A, Sharikat Logistics Pte Ltd v Ong Boon Chuan and others [2014] SGHC 224 at [243] and Lim Seng Wah and another v Han Meng Siew and others [2016] SGHC 177 at [176]. In Tullio Pla”
“On the other hand, in Poh Fu Teck at [38] and Sharikat Logistics Pte Ltd v Ong Boon Chuan and others [2014] SGHC 224 (“Sharikat”) at [246], the High Court stated that the “general rule” or “ordinary position” is that no discount is to be applied in court-ordered buyouts under s 216(2) of the Companies Act, without”
“In Sharikat Logistics Pte Ltd v Ong Boon Chuan and others [2014] SGHC 224, another decision of the Singapore High Court, Judith Prakash J (as she then was) was prepared (at [246]) to acknowledge the possibility of a discount if the minority had acted in such a way as to de”
“sue, it was invariably found that the purpose of the rights issue was to dilute the shareholding of non-subscribing shareholders: see Over & Over at [127]; Sharikat Logistics Pte Ltd v Ong Boon Chuan [2014] SGHC 224 (“Sharikat”) at [188]; Maxz Universal at [108].”
“n of factors such as the conduct of the minority shareholder in the course of the relationship between the parties (Thio Syn Pyn at [30], citing Sharikat Logistics Pte Ltd v Ong Boon Chuan and others [2014] SGHC 224 at [246]).”
“cited Eng Gee Seng v Quek Choon Teck [2010] 1 SLR 241 (“Eng Gee Seng”), Lian Hwee Choo Phebe v Maxz Universal Development Group Pte Ltd [2010] SGHC 268 and Sharikat Logistics Pte Ltd v Ong Boon Chuan [2014] SGHC 224 (“Sharikat Logistics”). Kiri said that in each case, the High Court, applying a criterion of fairness, h”
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Judgment Header
Sharikat Logistics Pte Ltd v Ong Boon Chuan and others [2014] SGHC 224
Case Metadata
Case No: Suit No 212 of 2011
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Court: General Division of the High Court of Singapore
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Decision Date: 2014-11-05
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