106 SECTION 05 : FINANCIAL STATEMENTS & OTHERS Registration No: 10 199201005296 (236800 - T) SIGNIFICANT EVENTS SUBSEQUENT TO THE END OF THE REPORTING PERIOD a) On 9 May 2025, ENRA Land Sdn. Bhd., a wholly-owned subsidiary of the Company, had incorporated a new 55% owned subsidiary known as Hamptons Avantex Property Sdn. Bhd. with a total paid up share capital of RM250,000 comprising 250,000 ordinary shares. b) On 28 May 2025, Q Homes Sdn. Bhd., an indirect 51% owned subsidiary of the Company, had entered into Share Sale and Purchase Agreements with PNN Resources Sdn. Bhd. (“Purchaser”) to dispose of the entire share capital (“Sale Shares”) of its wholly-owned subsidiaries, Makmur Homes Sdn. Bhd. and BRP Homes Sdn. Bhd., for a total consideration of RM4,700,000 and RM1,900,000 respectively. The Sale Shares shall be transferred to the Purchaser within three months upon fulfillment of the conditions precedent. The disposal has yet to be completed as at the date of this Report. c) On 20 June 2025, Hexagon Energy Logistics Sdn Bhd, a wholly-owned subsidiary of the Company, had entered into a binding Heads of Agreement (“HOA”) with SIP JDA Sdn Bhd (“SIP”) for the purpose of outlining the principal terms in relation to the provision of a storage tanker solution to SIP in support of CARIGALI-PTTEPI operations at the Malaysia-Thailand Joint Development Area, for a duration of twelve (12) months commencing from 1 October 2025 to 30 September 2026 for a contract value of up to USD32.09 million (equivalent to approximately RM136.56 million). d) On 15 July 2025, the Company increased its issued and paid-up share capital from RM163,513,933 to RM169,513,933 by way of issuance of 6,000,000 new ordinary shares pursuant to the exercise of Warrants 2020/2025 at an exercise price of RM1.00 per ordinary share. The new ordinary shares issued during the financial year rank pari passu in all respects with the existing ordinary shares of the Company. e) On 18 July 2025, the Company increased its issued and paid-up share capital from RM169,513,933 to RM173,513,933 by way of issuance of 4,000,000 new ordinary shares pursuant to the exercise of Warrants 2020/2025 at an exercise price of RM1.00 per ordinary share. The new ordinary shares issued during the financial year rank pari passu in all respects with the existing ordinary shares of the Company. Directors’ Report (Cont’d)
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