MKH Annual Report 2019

156 A N N U A L R E P O R T 2 0 1 9 13. INVESTMENT PROPERTIES (CONT’D) Fair value measurement disclosures for investment properties are disclosed in Note 42. Included in the above are land and buildings amounting to RM250,450,000 (30.9.2018: RM265,030,000; 1.10.2017: RM254,847,000) pledged for credit facilities granted to subsidiaries as disclosed in Note 29. 14. INVESTMENT IN SUBSIDIARIES The Company 30.9.2019 30.9.2018 1.10.2017 RM RM RM Unquoted shares - at cost Ordinary shares 518,339,268 475,786,968 436,536,245 Redeemable convertible preference  shares (“RCPS”) 279,500,000 279,500,000 279,500,000 797,839,268 755,286,968 716,036,245 Accumulated impairment loss At beginning and end of year (2,824,214) (2,824,214) (2,824,214) Net book value 795,015,054 752,462,754 713,212,031 Details of the subsidiaries are as follows: Proportion of ownership interest and voting power Country of Principal held by the Group Name of subsidiary incorporation activities 30.9.2019 30.9.2018 1.10.2017 Achieve Acres Sdn. Bhd. Malaysia Property development 85% 85% 85% Aliran Perkasa Sdn. Bhd. Malaysia Property development 100% 100% 100% Budi Bidara Sdn. Bhd. Malaysia Property development 100% 100% 100% Dapat Jaya Builder Malaysia Building and civil works 100% 100% 100%  Sdn. Bhd.  contracting and project  management services Danau Saujana Malaysia Dormant 51% 51% 51%  Sdn. Bhd. €@ Detik Merdu Sdn. Bhd. Malaysia Investment holding and 100% 100% 100%  trading of building  materials and household  related products NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019