Zii Jia seeks injunction against father, sister
This involves the finances and management of LZJ Management, with the shuttler also naming his younger brother and the company as respondents.
Lee Zii Jia, a top-ranked men's singles shuttler, has taken legal action against his father and sister, alleging they should be prohibited from making certain financial decisions for the family business. The Malaysian athlete filed an application for an interim injunction at the Kuala Lumpur High Court on July 2, as reported by Berita Harian.
Alongside his father, Lee Chee Hin, and elder sister, Lee Zii Yii, Lee Zii Jia, who holds a 90% stake in the company, has also named his younger brother, Lee Tao, and the company itself, LZJ Management, as defendants in the lawsuit.
The primary concern of Zii Jia is the potential for his father and sister, who are directors of LZJ Management, to approve director's fees, allowances, bonuses, or other financial benefits for themselves. He seeks to restrain the company's directors from making decisions on appointments and removals of directors, the appointment of the company secretary, disposal of assets, issuance of new shares, and changes in shareholding structures.
Zii Jia argues that he owns a substantial 90% of LZJ Management, while his sister holds 9% and his brother owns 1%.
In addition to his request for an injunction, Lee Zii Jia has asked the court to order an extraordinary general meeting of LZJ Management to discuss the company's management and governance.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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- Zii Jia seeks injunction against father, sister freemalaysiatoday.com