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2. Toby registered a private company, Four Star Sdn Bhd, in 2010 to manufacture and export solar panel. In January 2017, he decided to expand

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2. Toby registered a private company, Four Star Sdn Bhd, in 2010 to manufacture and export solar panel. In January 2017, he decided to expand his business and open factories in Penang and Selangor to increase the production and meet the increasing demand. However, he had difficulties finding capital for his new factories and raw materials which amounted to 50 million. On the advice of his friend, Toby decided to offer his company shares to the public. Based on the above facts: a. Define the meaning of "private company". b. Compare and contrast between a public and private company. c. Explain briefly the advantages of having a public company

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