The shares owned in a company incorporated under the Companies Act 1967 can be transferred to another person or entity by changing the ownership of the shares. These shares can be disposed of by valuing the net assets of the company (i.e. by deducting the liabilities of the company from its assets). The balance is termed as net asset.
The net asset value (NAV) per share is obtained by dividing the net asset with the number of paid-up capital / number of paid-up shares of the company.
You may dispose of the shares based on their net asset value or at any value, depending on how you perceive the value of the business to be and how urgent you wish to dispose of the shares.
Arrangement to dispose of the shares can be documented and finalised by filing the necessary form with the Companies Commission of Malaysia (CCM) through your company secretary.