Court upholds liquidator’s decision

6 May 2008, The Star PUTRAJAYA: A fraction of the See family led by Kian Joo Can Factory Bhd’s executive director Datuk Anthony See Teow Guan yesterday failed to halt the sale of 45% of its shares in Kian Joo Holdings Sdn Bhd which has been wound up. This follows the Federal Court here upholding the decision of the liquidators to sell the 45% shares in Kian Joo Holdings belonging to Teow Guan’s fraction and the 55% shares in the same company owned by the other fraction of the See family, led by Teow Guan’s eldest brother, Datuk See Teow Chuan. On Jan 30, 1996 Kian Joo Holdings was wound up following a family dispute which led Teow Guan’s fraction to initiate a winding up petition against Kian Joo Holdings. The liquidators of Kian Joo Holdings then decided in favour of the Teow Chuan’s fraction to sell the entire shares. Counsel Mr. Benjamin Dawson represents the fraction led by Teow Guan.

Read more: http://www.thestar.com.my/Story/?file=%2F2008%2F5%2F6%2Fcourts%2F21161562&sec=courts