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KUALA LUMPUR – A dispute regarding the financial management of a company involving national badminton player Lee Zii Jia (LZJ), his father, sister, and younger brother has been amicably resolved after the High Court here recorded a consent judgment on Tuesday.
Judge Leong Wai Hong recorded the judgment after all parties reached an agreement concerning the application filed by Zii Jia, 28, on July 2.
In the case, LZJ Management, owned by the Paris 2024 Olympic men’s singles star along with his father, Chee Hin, 59, sister, Zii Yii, 30, and younger brother, Tao, 25, were named as respondents.
Under the recorded settlement terms, LZJ Management will hold an Extraordinary General Meeting (EGM) on Oct 31, with the company bearing all meeting costs.
Meanwhile, Chee Hin, Zii Yii and Tao are prohibited from approving any directors' fees, allowances, or bonuses, except for their monthly salaries from the company.
They are also barred from approving company resolutions involving the appointment and removal of directors, changes to the shareholding structure, or making any significant decisions affecting company control without prior permission from the court.
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