Malaysia legislation
Section 9
Section 9
(a)
sell or otherwise dispose of any shares in the Corporation held by him to any person; or
(b)
permit shares in the Corporation to be allotted to any person.
(2)
Nothing in subsection (1) shall apply to redeemable preference shares that—
(a)
are not convertible into shares of any other class; and
(b)
do not confer any rights to vote at any general meeting of the Corporation.