TA Win Holdings Bhd has been named as a defendant in a legal suit at the High Court involving allegations of oppression and prejudice against the interests of shareholders in Sin Line Tek Electronic Co Sdn Bhd.
The copper and wire products manufacturer said it received a Statement of Claim dated Aug 11, 2026, on Aug 12, in relation to Civil Suit.
The suit was filed by Lim Aik Gee and Lim Wai Keong against five defendants, namely Dato Sri Ngu Tieng Ung, Tan Seng Pang, TA Win Holdings, Cyprium Capital Sdn Bhd and Sin Line Tek Electronic.
According to TA Win, the plaintiffs are seeking declarations that the first four defendants had conducted the affairs of Sin Line Tek in a manner that was oppressive to, or disregarded, their interests as members of the company.
They also allege that the defendants had procured, caused or threatened to cause actions that discriminated, or would unfairly discriminate against or prejudice them as shareholders of Sin Line Tek.
Among the remedies sought by the plaintiffs is an order requiring them to sell all their shares in Sin Line Tek to the first four defendants at a fair value to be determined by an independent valuer appointed by the court.
Under the proposed buy-out arrangement, the plaintiffs are seeking for the independent valuation of their shares to be based on their fair value as at Sept 23, 2024.
The plaintiffs are also seeking an order for the first four defendants to jointly and severally pay the purchase price within 30 days of the independent valuer submitting its report, after which the plaintiffs would transfer their shares.
Another key relief sought is an order requiring the defendants to procure the release of the plaintiffs’ assets and properties from financial institutions, as well as the release of personal guarantees given by the plaintiffs and/or Ng Kui Lang in relation to Sin Line Tek’s banking, loan and trade facilities.
Alternatively, the plaintiffs have asked the court to wind up Sin Line Tek and appoint the Official Receiver as its liquidator.
TA Win said the case management has been fixed for Aug 26, 2026 via e-Review.
The company has instructed its solicitors to review the Statement of Claim and advise on the appropriate next course of action. TA Win said it intends to file a defence against the claim.
