KUALA LUMPUR, Feb 14 The High Court here today rejected Serba Dinamik Holdings Bhd’s (SDHB) application for a stay of the court’s ruling for the company to make a public announcement on the Factual Findings Update (FFU) by audit firm Ernst & Young Consulting Sdn Bhd (E&Y), appointed.
Serba Dinamik wants to remove judge in lawsuit thestar.com.my - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestar.com.my Daily Mail and Mail on Sunday newspapers.
Serba Dinamik Holdings Bhd has sought to recuse the judge in its lawsuit against Bursa Malaysia Securities Bhd on the appointment of E&Y Consulting Sdn Bhd to undertake a special independent review on the company.
PUTRAJAYA (Feb 26): The Federal Court today dismissed an appeal by Apex Equity Holdings Bhd and its unit JF Apex Securities Bhd, over the locus standi (legal standing) of its minority shareholders on their opposition to the merger with Mercury Securities Sdn Bhd.
This follows Federal Court judge Datuk Vernon Ong Lam Kiat dismissing their appeal for leave to pose several questions of law to the apex court regarding Section 360 of the Capital Markets and Services Act on the powers of court to make certain orders. The question surrounds the locus standi (legal standing) of the applicants in filing the originating summons. The law on locus standi is settled. I do not think the leave question has passed the threshold for the court to grant leave.