200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 16. Investment in subsidiaries (cont'd) (a) During the financial year: (i) (ii) (b) In the previous financial year: (i) (ii) (iii) (iv) (v) (vi) (vii) Kimlun Land Sdn. Bhd. subscribed for additional ordinary shares in Kitaran Lintas Sdn. Bhd. for a total consideration of RM4,468,000, satisfied by settlement of amount owing by Kitaran Lintas Sdn. Bhd. The acquisition did not change the percentage of shareholding effectively held by the Company. Kimlun Land Sdn. Bhd. subscribed for additional ordinary shares in Kii Morris Sdn. Bhd. for a total consideration of RM3,056,000, satisfied by settlement of amount owing by Kii Morris Sdn. Bhd. The acquisition did not change the percentage of shareholding effectively held by the Company. Kii Amber Sdn. Bhd., a wholly-owned subsidiary of the Company, subscribed for additional ordinary shares in Kii Melodia Sdn. Bhd. for a cash consideration of RM3,475,000. The acquisition did not change the percentage of shareholding effectively held by the Company. the Company subscribed for additional ordinary shares in Kii Amber Sdn. Bhd. for a total consideration of RM10,300,000, satisfied by cash. The subscription did not change the percentage of shareholdings effectively held by the Company. the Company subscribed for additional ordinary shares in Kimlun Land Sdn. Bhd. for a total consideration of RM11,474,000, satisfied by settlement of amount owing by Kimlun Land Sdn. Bhd. The subscription did not change the percentage of shareholdings effectively held by the Company. the Company subscribed for additional ordinary shares in Kii Amber Sdn. Bhd. for a total consideration of RM3,583,000, satisfied by cash and settlement of amount owing by Kii Amber Sdn. Bhd. The subscription did not change the percentage of shareholdings effectively held by the Company. the Company subscribed for ordinary shares in Kimlun Medini Sdn. Bhd. for a total consideration of RM12,533,910, satisfied by settlement of amount owing by Kimlun Medini Sdn. Bhd. The subscription did not change the percentage of shareholdings effectively held by the Company. Kimlun Land Sdn. Bhd., a wholly-owned subsidiary of the Company, subscribed for additional ordinary shares in Kimlun Medini Sdn. Bhd. for a total consideration of RM183,120, satisfied by settlement of amount owing by Kimlun Medini Sdn. Bhd. The percentage of shareholdings effectively held by Kimlun Land Sdn. Bhd. had been reduced from 100% to 67%. Notwithstanding, the percentage of shareholdings effectively held by the Company remained unchanged. Kii Amber Sdn. Bhd., a wholly-owned subsidiary of the Company, paid RM10,170,440 out of the total subscription consideration of 9,800,000 ordinary shares in Bayu Damai Sdn Bhd ("BDSB") allotted in the previous financial year. The remaining balance of the Subscription Consideration is payable upon any call or calls by BDSB at any time and from time to time for such portion of the balance Subscription Consideration. - 70 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 Kimlun Corporation Berhad | Registration No. 200901023978 (867077-X) 135
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