237 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025 06 / FINANCIAL STATEMENTS 01 02 03 04 05 07 08 09 13. INVESTMENT IN SUBSIDIARIES Bank 2025 RM’000 2024 RM’000 Unquoted shares at cost: At 1 January 90,064 73,064 Add: Capital injection into subsidiaries - 17,000 90,064 90,064 Less: Accumulated impairment losses (7,454) (12,252) 82,610 77,812 (i) On 12 December 2024, the Bank injected additional capital of RM15 million to Kenanga Digital Sdn. Bhd., a wholly own subsidiary of the Bank. (ii) On 13 December 2024, the Bank injected additional capital of RM2 million to Kenanga Futures Sdn. Bhd., a wholly own subsidiary of the Bank. (iii) The Bank carried out an impairment assessment on the subsidiaries in accordance with the accounting policy stated in Note 3.4(l). The recoverable amount is based on higher of an asset’s fair value less costs to sell or future cash flows discounted to their present value. Based on management’s assessment, the Bank have made adequate provisions for impairment loss on the investment as at the financial year end. Details of the subsidiaries are as follows: Name Principal place of business Principal activities Effective equity interest 2025 % 2024 % Local subsidiaries Kenanga Futures Sdn Bhd Malaysia Futures broker 100 100 Kenanga Nominees (Asing) Sdn Bhd Malaysia Provision of nominee services 100 100 Kenanga Nominees (Tempatan) Sdn Bhd Malaysia Provision of nominee services 100 100 Kenanga Private Equity Sdn Bhd Malaysia Private equity management 100 100 ECML Berhad Malaysia Dormant (previously dealing in securities and derivatives, and provision of corporate finance and other advisory services) 100 100
RkJQdWJsaXNoZXIy NDgzMzc=