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4. Yeecon Bhd was incorporated on 1st June 2000. The Board of Directors is made up of Yasir, Ah Yau and Yuvan. Each of the

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4. Yeecon Bhd was incorporated on 1st June 2000. The Board of Directors is made up of Yasir, Ah Yau and Yuvan. Each of the directors holds 5% of the company's issued share capital. Yamin who is an ordinary shareholder holds the remaining number of shares. Assume that an application to wind up the company was made on 3rd January 2017 and the court ordered the company to be wound up on 1st June 2017. The liquidator seeks your advice on the following: (i) The company sold off a property to Zamri at a value of RM100,000 on 21st January 2017. The market value of the property is RM80,000. (ii) The company created a floating charge on 315t October 2016 in favour of Bank ABC. (iii) Yamin sold off 10% of her shares to Ah Wai on 27th November 2016. (iv) The company paid off the loan taken from Ah Yau on 12th August 2016

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