The Star Online > Nation
Wednesday January 18, 2006
By CHELSEA L.Y. NG
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Loh Kim Foh | KUALA LUMPUR: He is 92. She is 84. At stake is more than RM100mil.
Tycoon Loh Kim Foh has filed a suit against his second wife Wong Kim and some of their children over control of a multi-million ringgit business empire.
The patriarch is trying to wrest back his assets worth over RM100mil from her and a son and three daughters from the second marriage, claiming that he signed over the controlling stakes in his company to them in July 2001 after they had secretly drugged him with prostate cancer medication.
The suit, filed here last year, will be heard in the Ipoh High Court as most of the defendants are residing in Perak. Justice Vincent Ng of the KL High Court made the transfer order yesterday. No date has been fixed for hearing.
Apart from Wong Kim, their son Kon Fah and their three daughters, Loh also named as defendants two companies Lohman Holdings Sdn Bhd and Loh Kim Foh Holdings Sdn Bhd, a liquidator who manages Lohman Holdings, and a former company secretary of the company.
Loh, who founded Lohman Holdings, alleged that the defendants had conspired to defraud and deprive him of his fortune.
He said that it was illogical for him to have transferred the properties to them in July 2001 when he had made a will the month before stating that his assets could only be distributed after his death.
Lohman Holdings was dealing in investment of shares and real estate. Wong Kim and her children had applied for the company to go into voluntary liquidation after the shares were transferred to them in 2001.
The plaintiff is seeking an order to stop the liquidation of assets pending the disposal of the suit.
He obtained an injunction in October to stop his wife and Kon Fah from transferring assets out of Lohman Holdings.
He is also seeking a declaration that he is the legal and beneficial owner of 56% of shares in Lohman Holdings.
The defendants countered that Loh had voluntarily transferred the assets.
In an affidavit, Loh said he was born in Guangzhou and sailed to Malaya in 1936 with only seven British Malayan dollars in his pocket and a bag of clothes.
Before he left China, he was already married and with his first wife they had one child born in 1932. The first wife now lives in Hong Kong.
In Malaya, he married Wong Kim in 1938 and they have six children.
With sheer determination, he said, he single-handedly built up a business empire in tin mining and logging.
After the Japanese Occupation, he ventured into sawmilling in Simpang Papan and later in Menglembu, Perak.
When World War II ended, he returned to China in 1946 to see his first wife for a brief period.
In 1947, she gave birth to their second child in China, and subsequently the couple had a third child.
Lawyers Malik Imtiaz Sarwar, Matthew Thomas Philip and Nik Elin Nik Abdul Rashid appeared for Loh yesterday while V. Segaran acted for the wife and three of her children. One daughter was not represented.
V. Periasamy acted for Loh Kim Foh Holdings while Rabinder Singh acted for the other defendants.
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