Show me the steps to Rosemary Sdn Bhd (RSB), a controlled company, was incorporated on 1 April 2019. Since its incorporation on 1 April 2019 until 29 June 2023, RSB was not a real property company. It became a real property company on 30 June 2023 until 15 April 2024. Effective 16 April 2024, RSB was not a real property company because it had sold a substantial amount of its lands and buildings.
Damia, a Malaysian citizen, purchased 100,000 shares of RSB on 1 March 2021 at RM2 per share. Damia sold the shares in RSB on the following date:
Date Particulars
20 January 2023 Sold 30,000 shares for RM2.50 each
1 May 2024 Sold 60,000 shares for RM180,000
The share capital and the market value of the real property of RSB on various dates are:
1/4/2019
20/1/2023
30/6/2023
1/5/2024
RM
RM
RM
RM
Share capital of RM1 each
fully paid
400,000
500,000
600,000
600,000
Market value of real properties
800,000
850,000
900,000
1,000,000solve