KUALA LUMPUR: Independent shuttler Lee Zii Jia has applied to the Kuala Lumpur High Court for an order to allow an extraordinary general meeting (EGM) of LZJ Management Sdn Bhd to proceed following the failure of an earlier meeting.
The application, filed on July 2, was not based on allegations of misconduct between the parties involved, but was intended to obtain a court order to hold the company's EGM, his lawyer, Ahmad Zayd Ahmad Zuber of Messrs Faisal & Zayd, said.
Ahmad Zayd said Zii Jia was also seeking an interim injunction to restrain his father, Lee Chee Hin, and his sister, Lee Zii Yii, from making certain financial and management decisions concerning LZJ Management while the legal dispute remained ongoing.
"What we are essentially seeking is an application to hold an EGM of the company," he said when contacted.
"There are no allegations against any of the parties involved. We are simply seeking the court's assistance to hold the EGM in accordance with the terms requested."
However, Ahmad Zayd declined to disclose in detail the main reasons Zii Jia had sought to convene the EGM.
According to the supporting affidavit, Zii Jia's attempt to hold an EGM on Dec 22 last year failed after Chee Hin, Zii Yii, and his younger brother, Lee Tao, did not attend despite having been given notice.
Their absence meant the meeting could not proceed because the quorum required under the Companies Act 2016 was not met.
Zii Jia was also said to have made efforts to contact his family members privately before exploring several other avenues, including seeking assistance from the Companies Commission of Malaysia.
The supporting affidavit stated that LZJ Management was facing a management and administrative deadlock, and that it was impractical or potentially impossible to convene a meeting through normal procedures under the Companies Act.
Through the application, Zii Jia is seeking authorisation to convene the EGM, issue the meeting notice, and appoint an independent chairman to preside over the proceedings.
He is also seeking an order allowing resolutions passed through voting based on shareholdings to be lawfully implemented, including matters relating to the removal of existing directors, the appointment of new directors, and the appointment of a new company secretary.
Besides Chee Hin, Zii Yii, and Tao, LZJ Management was also named as a respondent.
In his application for an interim injunction, Zii Jia is seeking to restrain Chee Hin and Zii Yii from approving or paying themselves directors' fees, allowances, bonuses, and other financial benefits beyond their respective monthly salaries.
He is also seeking restrictions on decisions relating to the appointment or removal of directors, the appointment of a company secretary, the disposal of material assets, the issuance of new shares, and changes to the shareholding structure without the court's permission.
According to the application, Zii Jia holds a 90 per cent stake in LZJ Management, while Zii Yii holds nine per cent and Tao holds one per cent.
The hearing is scheduled for Nov 25.
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