KENANGA INVESTMENT BANK BERHAD INTEGRATED ANNUAL REPORT 2024 SHAREHOLDERS’ INFORMATION ADDITIONAL INFORMATION 367 366 WE ARE KENANGA OUR SUSTAINABILITY APPROACH LEADERSHIP STATEMENT OUR VALUE CREATION APPROACH HOW WE ARE GOVERNED FINANCIAL STATEMENTS 56. SIGNIFICANT AND SUBSEQUENT EVENTS (CONT’D.) (a) There was no significant event during the financial year ended 31 December 2024 other than the following: (cont’d.) Changes in composition of the Group (cont’d.) The detail of the disposal of Rakuten Trade Singapore Pte. Ltd. is as follow: Group RM’000 Bank RM’000 Sales proceeds 5,706 5,706 Less: Net assets (8,066) (8,066) Add: Share of result of joint venture 2,839 - Net gain/(loss) on disposal (Note 33(c)) 479 (2,360) (ii) On 19 May 2021, the Bank had completed its subscription of 1,467,137 ordinary shares, representing approximately 19.0% of the ordinary shares in Tokenize Technology (M) Sdn Bhd (“Tokenize”) via the private equity fund managed by the Bank’s subsidiary, Kenanga Private Equity Sdn Bhd (“KPE”). Subsequently, on 7 October 2024 and 9 December 2024, the Bank had completed the subscriptions of 6,604,814 Redeemable Convertible Preference Shares (“RCPS”), representing 66% of the total issued RCPS of Tokenize. In view of the additional rights granted to KPE arising from the subscription of RCPS which KIBB has significant influence, Tokenize is deemed as an associate company of KIBB. (b) There was no significant event subsequent to the financial year ended 31 December 2024. 57. COMPARATIVES The Group and the Bank have represented the comparative figures in prior year due to reclassification of ECL on undrawn loans to be in accordance with the current year presentation. 31 December 2023 RM’000 Reclassification RM’000 31 December 2023 (restated) RM’000 Group Loans, advances and financing 1,700,962 42 1,701,004 Other liabilities 430,465 42 430,507 Bank Loans, advances and financing 1,726,647 81 1,726,728 Other liabilities 262,046 81 262,127 Operations of Islamic banking: Group and Bank Financing and advances 139,371 93 139,464 Other liabilities 392,461 93 392,554 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 ANALYSIS OF SHAREHOLDINGS AS AT 4 APRIL 2025 SHARE CAPITAL Total Number of Issued Shares : 735,762,599 Ordinary Shares (including 6,428,300 Treasury Shares) Class of Shares : Ordinary shares Voting Rights : One (1) Vote per Ordinary Share Size of Holding No. of Shareholders % of Shareholders No. of Shares Held % of Shareholdings Less than 100 6,954 29.58 176,988 0.02 100 to 1,000 5,003 21.28 2,297,293 0.32 1,001 to 10,000 9,152 38.93 32,142,334 4.41 10,001 to 100,000 2,066 8.79 63,354,001 8.69 100,001 to Less Than 5% of Issued Shares 332 1.41 425,520,683 58.34 5% and Above of Issued Shares 2 0.01 205,843,000 28.22 TOTAL 23,509 100.00 729,334,299(1) 100.00 (1) Excluding 6,428,300 Treasury Shares retained by the Company as at 4 April 2025.
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