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Lee and his two brothers Ting and Lui ran a shop in Ipoh. Over the years the business became very successful and the businesses expanded
Lee and his two brothers Ting and Lui ran a shop in Ipoh. Over the years the business became very successful and the businesses expanded and they became involved in property development, and they also owned a successful computer shop. The net value of the business grew to RM40 m. Each of the three brothers are married and have children However, over the last 5 years, the three brothers fell out. Ting and Lui did not like Lee. At a board meeting in 2020, Ting and Lui voted to remove Lee as a director of all the companies in the group. Lee remained as a shareholder. Ting and Lui as the remaining directors paid themselves large director' 5 fees and also employed their own family members on high salaries that were higher than if they had employed outside people to do the work. Lee and his family were not offered any employment. Ting and Lui also wish to issue more shares to their friends so Lee's 1/3 will decrease below 20%. Once this is done, they will change the rules in the constitution to deny Lee a right to vote as a shareholder. Lee comes to see you for advice
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