Chinese national sues Fellow over business dispute

A Chinese national has dragged his fellow to court for refusing to release part of the goods of their company to him after the duo agreed to share the merchandise following a misunderstanding.

Lyu Kun has sued Wang Gang and Newsma Investments Company Limited in the Lusaka High Court, seeking an order that shareholders of the said company share goods situated in the warehouse at Grace Furniture Building in Makeni, in the ratio of shareholding per centum and per shareholder.

Lyu further wants an order to restrain Wang from removing goods from the warehouse until determination of the matter by the court, an order for him to recover rent paid for another warehouse, damages, costs and any other reliefs the court may deem fit.

In a statement of claim filed in the Lusaka High Court principal registry, May 16, Lyu stated that he was at all material times, a shareholder and director in Newsma Investments Company Limited, holding 40 percent of the shares.

He added that Wang was also a shareholder and director in the company, with 60 percent shares.

Lyu explained that Newsma Investments Company Limited was a company registered under the Companies Act and domiciled in Lusaka and was at all material times in the business of selling machinery.

He claimed that sometime this month, he agreed with Wang to share the company’s goods in the ratio of their shareholding due to perpetual and unresolved misunderstandings.

Lyu further stated that on May 9, 2019, he proceeded to rent a new warehouse and paid K6,000 to the new landlord on the agreed terms with Wang.

He lamented that Wang had refused to release the goods to him as agreed.

“On May 13, 2019, the plaintiff (him) reported the first defendant (Wang) to Embassy Police for insults and threatening violence for differing on how to manage business. Wang has neglected or failed to honour the terms of our verbal agreement,” read the statement of claim.

Lyu lamented that he had as a result suffered loss and inconvenience.

         

Zondiwe Mbewe

About Zondiwe Mbewe

Zondiwe is a vibrant young Zambian journalist who has interest in writing political and current affairs on issues which affect every Zambians. She draws inspiration from journalists who stand for what is right and are not afraid to tell and show the truth to the people.
Email: zondiwe [at] diggers [dot] news

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