Ong Yee Mian v. OCBC Bank (Malaysia) Berhad & RHB Asset Management Sdn Bhd
Ong Yee Mian sued OCBC Bank and RHB Asset Management for a refund of her investment balance in the RHB Pre-IPO & Special Situation Fund 2. The court dismissed her claim, finding that the fund's tenure was validly extended by unit holders, and Ong failed to act on notices regarding the extension. Costs of RM25,000 and RM5,000 were awarded to OCBC and RHB, respectively.
Overview
Case Number
WA-22NCC-573-11/2020
Case Type
Civil - Investment dispute
Court
High Court of Kuala Lumpur, Kuala Lumpur
Coram Judge
- Atan Mustaffa Yussof AhmadDelivered Judgment
Subject Matter
investment disputesunit trusts