MKH Annual Report 2019

209 M K H B e r h a d 30. DIVIDEND Net dividend Total per share amount Date of payment Sen RM 30.9.2019 Interim single tier dividend of 3.5 sen per ordinary share in respect of financial year ended 30 September 2018 3.5 20,268,891 10 January 2019 30.9.2018 Interim single tier dividend of 5.0 sen per ordinary share in respect of financial year ended 30 September 2017 5.0 29,284,585 11 January 2018 A first interim single tier dividend of 4.0 sen per ordinary share in respect of financial year ended 30 September 2019 amounting to RM23,161,383 was declared on 27 November 2019 and to be paid on 3 January 2020. The financial statements for the current financial year do not reflect the dividend. Such dividend will be accounted in equity as an appropriation of retained earnings in the financial year ending 30 September 2020. The directors do not recommend any final dividend payment in respect of the financial year ended 30 September 2019. 31. ACQUISITION OF SUBSIDIARIES AND ASSOCIATES During the financial year (a) On 26 October 2018, Perkasa Bernas (M) Sdn. Bhd. (“PBSB”), a wholly-owned subsidiary of the Company, acquired 4 ordinary shares representing 40% of the equity interest of Daksina Harta Sdn. Bhd., for a cash consideration of RM5,000,000. The Group has on 9 November 2018 completed the acquisition. The said acquisition did not give rise to a material impact on the financial statements of the Group. (b) On 19 December 2018, the Company acquired 1 share representing 100% of the equity interest of Nexus Starship Sdn. Bhd. (“NSSB”), for a cash consideration of RM1. The said acquisition did not give rise to a material impact on the financial statements of the Group and the Company. (c) On 20 December 2018, NSSB, a wholly-owned subsidiary of the Company, acquired 1 ordinary shares representing 100% of the equity interest of Quantum Density Sdn. Bhd. (“QDSB”), for a cash consideration of RM1. Subsequently on 20 September 2019, NSSB subscribed for RM125,000, representing 50.0004% of total allotment of 249,999 new ordinary shares in QDSB. The said acquisition did not give rise to a material impact on the financial statements of the Group. (d) On 28 June 2019, Metro Emart Sdn. Bhd., a wholly-owned subsidiary of the Company has acquired 1 ordinary share each representing 100% of the equity interest of Hexapace Sdn. Bhd., Europixel Sdn. Bhd. and Mercu Jasakita Sdn. Bhd., for total cash consideration of RM3. The said acquisitions did not give rise to a material impact on the financial statements of the Group. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019