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Ali, a sole trader has converted his business from a sole trader into a company. The company, ABC Sdn Bhd is duly incorporated under Companies

Ali, a sole trader has converted his business from a sole trader into a company. The company, ABC Sdn Bhd is duly incorporated under Companies Act 2016. Prior to the conversion, Ali has entered into a contract to sell a piece of land to John. However before the land was transferred to John, Ali has changed his mind and transferred the land to his new company,ABC Sdn Bhd. Discuss.

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