1. Section 228 of the Companies Act 2016 (s. 228 CA2016) is intended to prevent asset vstripping by way of disposal of company's assets at an undervalue, or acquisition of assets by the company at an overvalue. The type of transactions under the Bursa Malaysia Listing Requirement (BMLR) are also wider in scope than s 228, CA2016. TYT Berhad (TYT), a listed issuer, intend to acquire from specified persons a noncash asset of a requisite value. As the Governance Officer of TYT: (a) Explain who are the specified persons. Elaborate in detail the composition of such persons which CA2016 and BMLR apply (30 marks) (b) Discuss types of transactions which are considered as "exempted transactions" as provided in CA2016 (10 marks)