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Joan holds 20,000 ordinary shares in Metal Bina Berhad, a company dealing with steel industry. She wanted to transfer half of the shares to her

Joan holds 20,000 ordinary shares in Metal Bina Berhad, a company dealing with steel industry. She wanted to transfer half of the shares to her boyfriend, Robert, who is working as a school cleaner. She submitted her application to the directors of the company for approval. Unfortunately, the directors; Brown and Mary refuse to allow the transfer with the reason Robert is not a professional worker. The rejection was done without any notice to both parties. Joan and Robert are not satisfied with the decision and seeking your advice on this matter.

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