Pioneer Haven Sdn Bhd V Ho Hup Construction

Pioneer haven sdn bhd v ho hup construction company bhd anor and other appeals case fact.

Pioneer haven sdn bhd v ho hup construction. Last year the construction company ended a two year dispute with malton bhd unit pioneer haven sdn bhd phsb. This led to ho hup s 70 owned subsidiary bukit jalil development sdn bhd bjd regaining sole development rights to a 10 acre tract out of 60 acres of prime land in bukit jalil. Its subsidiary bukit jalil development sdn bhd bukit jalil is the 1st defendant. The high court held that.

As a pioneer and innovative developer ho hup continues to plan and roll out projects to deliver better high value added residential and commercial developments for future generations. Pioneer haven sdn bhd v ho hup construction co bhd anor and other appeals 2012 3 mlj 616. Tengku dato ibrahim petra bin tengku indra petra v petra perdana bhd and wong fook heng and tiong yong kong v petra perdana bhd 2018 2 mlj 177 january 20 2017. Its principal business is property development.

The plaintiff ho hup construction ho hup was an affected issuer under bursa malaysia s practice note no 17. Ho hup had been a distressed company for several years and had been suffering loss. It had announced that it was an affected issuer under bursa malaysia. The court applied the test laid down in charterbridge corp ltd v lloyds bank ltd 1970 ch 62 and pioneer haven sdn bhd v ho hup construction co bhd anor and other appeals 2012 3 mlj 616.

Ho hup is a beneficiary of this deal because its property arm bukit jalil development sdn bhd bjd has tied up with pioneer haven sdn bhd phsb a subsidiary of malton to develop the 50 acre bukit jalil city back in 2012. Tribeca tribeca real estate asset management sdn bhd tribeca is an innovativereal estate development and advisory firm based in malaysia. Acted in the best interests of the company and its members in. The respondent ho hup construction company bhd ho hup is a public listed company involved in the business of property development.

The background facts the plaintiff ho hup construction company bhd is a public listed company. Ho hup was the majority shareholder of the 1st defendant bukit jalil development bjd. Ho hup owns 70 of the issued and paid up capital of bukit jalil. Add website description in this area.