Dear All,

I am the owner of one company let's called it xyz sdn. bhd. company and this company just recently registered like 4 months ago with paid up capital up to RM 500K and its running by full foreigner (2 person), and there is no activities at all for this company and I even haven't open up company bank account yet, so this company just doing nothing and we as the owner decided to sell this company, but we don't know how to and the procedure to sell this company and how much roughly I can sell this company, because last time we have a friend and he is the one who is arrange all the documentation and all we do is just sign the paper, now he is gone and I don't know where to ask, anyone can help me out to give me a clue or information about these:

1. Where can I sell my company ?
2. How much its worth considering its condition and paid up capital ?
3. What is the procedure to sell ?

I hope that I am asking at the right thread (property) if I do make a mistake please let me know, I will post it on the right thread

I really appreciate for the help and your time to read this,

Thank You

company secretary?

SSM = Suruhanjaya Syarikat Malaysia

http://www.ssm.com.my/

Indeed I don't know who is the company secretary in my company but I will try to find out on my company document, thank you

I will go through this site and check the information there , thank you

since this company have no business activities yet , i doubt anyone will pay more than the value of the asset of your company which is cash only, am i right?

why don u ask a lawyer to apply for a winding up order from the court and divide the proceeds among the shareholders?

maybe u call give them a call

frankly, no one in his right mind will buy your shell company when you can have a new one easily.

also, are you sure your Paid Up Capital is RM500,000 or do you mean Authorised Paid Up Capital?

btw, to dissolve/wind up company also cost money...

Just check who is your co. sec, they got the way to sell it 4 u since no biz activity had been done so far

Just put at your company secretary/accountant office for sale. People whoever saw your company name (which they found the name suits them), they will buy over your company.

If you choose to wind up the company, you need to pay processing fees which cost you around 2k++, and by selling the company (just transfer the company under the buyers name) will only cost you not more than 1k, and sometimes buyers gladly pay the money as it is cheaper than register a new company.

RM 500k authorized paid up capital is nothing. Don't think because your company authorized paid up capital is RM 500k, then you can sell more higher.

Note:
My company (which I took over in Year 2003) does not cost more than RM 500. The seller just transfer the company name under my name, and I pay the processing fees. He save money, I save money. Win-Win situation. And the company incorporates in Year 1996:sweat:

This post has been edited by edyek: Jul 21 2010, 09:43 AM

Ya you will be lucky if you find a buyer for your company, otherwise you gonna spend around 2k to close the company, that is what friend of mine did,

hello babe,


wrong forum leh... this is about property. not company

Tell company secretary that u want to sell the company. Probably they can find u a buyer.