Question: 2 . In January 2 0 2 2 , Mr . B and Mr . J incorporated a company known as ABC Bhd . By

2. In January 2022, Mr. B and Mr. J incorporated a company known as ABC Bhd. By December 2022, ABC Bhd holds 20% shares in MBJ Bhd. In January 2023, MBJ Bhd purchased 80% shares in ABC Bhd. This makes MBJ Bhd a holding co. of ABC Sdo Bhd.-Determine if the purchase of shares in December 2022 by ABC Sdo Bhd is valid.Support your answer with relevant authorities.

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