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Initial Pte Ltd was set up 10 years ago by a group of friends during the dot com boom. The company has been rather inactive in the last two years and the shareholders have lost interest in the business. Cheong, who owns 20% of the shares in Initial Pte Ltd, wants to liquidate the company.Required:Advise Cheong how and when he can take steps to liquidate the company. (10 marks)

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