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Azam Baki owns 70% of the ordinary shares issued by Syarikat Serba Statik and he...

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Azam Baki owns 70% of the ordinary shares issued by Syarikat Serba Statik and he is the biggest shareholder in that firm. This year, Serba Statik wants to issue another 5,000,000 units of common stock in the IPO. 16. If Serba Statik wants Azam Baki to maintain the 70% of the ownership of its stocks, how many units will Azam Baki buy to retain the same percentage? (1 mark) A. 1,500,000 units B. 2,500,000 units C. 3,500,000 units D. 5,000,000 units 17. What is the practice specially exercised by Serba Statik for Azam Baki? (1 mark) A. Claim of assets and income B. Preliminary IPO C. Political favour D. Pre-emptive rights

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