Question
Adam, Bobby and John are the directors of Super Auto Sdn Bhd (SASB). SASB was incorporated in January, 2012. The business of SASB is to
Adam, Bobby and John are the directors of Super Auto Sdn Bhd (SASB). SASB was incorporated in January, 2012. The business of SASB is to manufacture motorcycle accessories. At its incorporation, the par value of SASB share was at RM1.00 per share, and subscribed at RM2.00 per share. On 31st March, 2017, there was RM100,000 premium from the issued shares being kept at SASB's bank account with HL Bank. SASB wants to keep this money in the bank account for as long as it could. SASB's business is doing very well and each year recorded high profit. On 1 May, 2017, Adam, Bobby and John planned to issue new shares at RM3.00 per share. Advise the directors.
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