Write to your cosec that you intend to sell off your Ordinary Shares. See how she advises you.

I would presume you are the Ordinary Shareholder holding 10% and not Preference Shareholder or other type of shareholders here.

A few route, 1. Selling to existing shareholders (but may have pre-emptive rights and they might refuse to take it) 2. Seek third party to buy it - but requires approval 3. Legal remedies if there is oppression as minority shareholders - since you said you didn't receive the dividend (Seek lawyer for this).

Regarding the dividends, under the new Companies Act 2016, Dividends are approved at Board level, not at Shareholders level (AGM) anymore, but you will receive the dividend as an Ordinary Shareholder by right if the Board approves it. Give a read at the Audited Accounts Directors' Report section - it should highlight the current and immediate past financial year (or notes to the financial statement if you able to read it).

Regarding the AGM, is it physical meeting or paper meeting (most Malaysian Sdn Bhd practices this)? If paper, usually every year the cosec will send you hardcopy/softcopy of the Year End Matters / AGM resolutions to approve. If by paper meetings, you can sort out all this and sell the shareholdings without even meeting your uncles. You just deal with the cosecs and sign Members' Resolutions.

This post has been edited by xCM: Sep 13 2025, 05:30 PM