PRG Holdings Berhad Annual Report 2018

The Directors hereby submit their report and the audited financial statements of the Group and of the Company for the financial year ended 31 December 2018. PRINCIPAL ACTIVITIES The Company is principally engaged in investment holding and the provision of management services. The principal activities of the subsidiaries are set out in Note 9 to the financial statements. There have been no significant changes in the nature of these activities during the financial year. RESULTS Group Company RM’000 RM’000 (Loss)/Profit for the financial year (8,080) 962 Attributable to: Owners of the parent (8,978) 962 Non-controlling interests 898 - (8,080) 962 DIVIDENDS No dividend has been paid, declared or proposed by the Company since the end of the previous financial year. The Directors do not recommend the payment of any dividend in respect of the financial year ended 31 December 2018. RESERVES AND PROVISIONS There were no material transfers to or from reserves or provisions during the financial year other than those disclosed in the statements of changes in equity. ISSUE OF SHARES AND DEBENTURES During the financial year, the issued and paid-up share capital of the Company was increased from 302,488,174 to 310,751,274 by way of the issuance of 3,457,100 new ordinary shares pursuant to the exercise of Warrants 2014/2019 at an exercise price of RM0.375 per ordinary share for cash and issuance of 4,806,000 new ordinary shares as Consideration Shares for acquisition of 55% of the enlarged share capital of PRG Active Sdn. Bhd. (formerly known as S P Chin Healthcare Sdn. Bhd.). The newly issued shares rank pari passu in all respects with the existing shares of the Company. There were no other issues of shares during the financial year. The Company did not issue any debentures during the financial year.  DIRECTORS’ REPORT 2018 A N N U A L R E P O R T 60