Notes to the Financial Statements - 31 December 2024 10. Investment properties (Cont’d) A summary of the investment properties of the Group and of the Fund, as required to be disclosed by the SC Guidelines, is as follows (Cont’d): Description of property Tenure of land Term of lease Years Remaining term of lease Years Location Date of valuation 2024 Fair value RM 2023 Fair value RM Fair value hierarchy 8. Warehouse and factory tt. Warehouse and factory ## Leasehold 99 64 Pelabuhan Klang, Selangor 31/12/2024 30,500,000 30,000,000 3 uu. Warehouse and factory ### Freehold - - Shah Alam, Selangor 31/12/2024 66,600,000 66,100,000 3 vv. Warehouse # Leasehold 999 878 Kota Kinabalu, Sabah 31/12/2024 4,800,000 4,800,000 3 1,201,723,255 1,239,013,706 # The investment properties amounting to RM169,480,000 (2023: RM168,780,000) are used to secure against Term Financing-I (“TFi”) issued by the Fund as disclosed in Note 17. ## The investment properties amounting to RM946,943,255 (2023: RM946,133,706) are used to secure against Islamic Medium Term Notes (“IMTNs”) issued by the subsidiary as disclosed in Note 17. ### The investment properties amounting to RM66,600,000 (2023: RM105,800,000) are used to secure against Business Financing-I (“BF-I”) issued by the Fund as disclosed in Note 17. #### Restaurant with drive-through facility: Pizza Hut and KFC Off Jalan Kepong, Kuala Lumpur, amounting of RM18,700,000 (2023: RM18,300,000) are used to secure against Commodity Murabahah Revolving Credit (“CMRC”). * Based on valuation carried out by independent professional valuer, Messrs. Cheston. 1 ABOUT US 219 3 SUSTAINABILITY STATEMENT 6 FINANCIAL STATEMENTS 2 BUSINESS OVERVIEW 4 CORPORATE GOVERNANCE 5 OTHER INFORMATION
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