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Bass Music Sdn . Bhd . has decided to expand its business and also wanted to add another music studio. Bass Music Sdn . Bhd

Bass Music Sdn. Bhd. has decided to expand its business and also wanted to add another music
studio. Bass Music Sdn. Bhd. signed a Sale and Purchase Agreement with the vendor, Akashah
for the purchase of one (1) acre of land amounting to RM150,000. While obtaining a loan from
Bank Ribak Bhd. for the purchase of the land, Suffiyan, a director of Bass Music Sdn. Bhd.
received a telephone call from Akashah who informed him that he wanted to cancel the
transaction.
Akashah offered to return the 10% deposit and another extra RM10,000 for payment of
damages for breach of contract. Suffiyan found out from the Pejabat Tanah Daerah Selatan that
the ownership of the land had been transferred to a company known as Akasia Mewah Sdn.
Bhd. and apparently, Akashah owns 90% shares in Akasia Mewah Sdn.Bhd after a company
search has been made at the Companies Commission of Malaysia.
Advise Bass Music Sdn. Bhd. whether action can be taken against both Akashah and Akasia
Mewah Sdn. Bhd using companies act 2016 as your proof.
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