1. AMGL would also like to raise additional equity capital. It is proposing to make an offer of shares by way of private placement to the directors. Each director will be offered $1 million worth of new shares. In order to raise the money to pay for his shares, Eager is proposing to sell a valuable painting he owns to China Investments, to be hung in the Shanghai office. What rules apply to the issue of shares in AMGL? What restrictions, if any, apply to China Investments in relation to the transaction under Part 2J.3 of the Corporations Act?