Apex Equity takes shareholders to court for alleged capital market breachesApex Equity Holdings Bhd and its subsidiary, JF Apex Securities Bhd, have commenced legal action against 18 defendants, including its substantial shareholder Lim Siew Kim — daughter of the late patriach of the Genting Group, Lim Goh Tong — for allegedly acting in concert to obtain control of the company and had breached capital markets' rules in doing so.
Provisions under the Capital Market and Services Act 2007 (CMSA), as well as the Companies Act 2016 (CA), were contravened, it claimed in a stock exchange filing today.