Chemical Company of Malaysia Berhad Annual Report 2018

Notes to the Financial Statements 13. ASSETS CLASSIFIED AS HELD FOR SALE (CONTINUED) On 7 September 2018, the Company entered into a Sale and Purchase Agreement with Rock Link Sdn. Bhd. to dispose off a piece of leasehold land measuring 18.21 acres in Mukim of Labu, District of Seremban, Negeri Sembilan for a cash consideration of RM21.5 million. As at 31 December 2018, the Group has designated equity securities investments amounting to RM0.2 million as assets held for sale, given the Group’s intention to sell these equity securities investments in the next financial year. The assets of the disposal group are as follows: Group and Group Company Company 2018 2018 2017 Assets classified as held for sale Investment property 19,800 19,800 185,900 Other investments 186 – – 19,986 19,800 185,900 The carrying value of investment property and other investments are the same as their carrying value before they were being reclassified to current asset. 14. CAPITAL AND RESERVES 14.1 Share capital Group and Company 2018 2017 Number Number Amount of shares Amount of shares ‘000 ‘000 Issued and fully paid shares classified as equity  instruments: Ordinary shares At 1 January 81,920 167,696 457,630 457,630 Increase in share capital – – 60,010 45,463 Transfer from share premium account in accordance with Section 618(2) of Companies Act 2016 – – 40,017 – Share consolidation (Note a) – – – (335,397) Effect of demerger (Note b) – – (475,737) – At 31 December 81,920 167,696 81,920 167,696 154 ANNUAL REPORT 2018