"It is basically a transfer of shares from one Chinese entity to another," he said.

But baseball's position prevailed and it approved the transfer of shares.

"if one owner wanted to sell it could be done fairly easily through the transfer of shares."

The actual transfer of money and shares has yet to be worked out.

No stamp duty is paid on transfer of shares.

This gives the co-op board much more power over the transfer of shares to a new buyer.

"But co-op bylaws make the transfer of shares subject to board approval."

The transfer of remaining shares took place on 31 December 2008.

The return must also include details of any transfers of shares which have taken place during the year.

The number of members in a private company is limited and there are limitations on the transfer of shares.