200901023978 (867077-X) Kimlun Corporation Berhad (Incorporated in Malaysia) 14. Other investments 2023 2022 RM RM Club memberships, at cost 75,000 75,000 15. Investment in subsidiaries 2023 2022 RM RM Unquoted shares, at cost 350,670,576 327,520,576 Less: Impairment losses (10,822,667) (795,181) 339,847,909 326,725,395 Details of the subsidiaries are as follows: Proportion (%) Country of of ownership Name incorporation Principal activities interest 2023 2022 Held by the Company: Kimlun Sdn. Bhd. Malaysia Building and infrastructure 100 100 contractors SPC Industries Malaysia Ready mix concrete production 100 100 Sdn. Bhd. and manufacturing of pre-cast concrete products Kimlun Land Sdn. Bhd. Malaysia Investment holding, property 100 100 investment and development KL Building Materials Malaysia Manufacturing and trading of all 100 100 Sdn. Bhd. kinds of building and construction materials, and provision of quarry services and machinery rental services I-Buildtech Solutions Singapore Provision of industrial building - 100 Pte. Ltd. *# systems and the supply of construction and building materials Kii Amber Sdn. Bhd. Malaysia Investment holding, property 100 100 investment and development Kimlun Medini Sdn. Bhd. Malaysia Property development and 33 33 property investment Group Company - 49 - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 119 Annual Report 2023
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