245 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2025 06 / FINANCIAL STATEMENTS 01 02 03 04 05 07 08 09 15. INVESTMENT IN JOINT VENTURE (CONT’D.) (c) Details of the joint venture held by the Bank are as follows: Name Principal place of business Percentage (%) of equity held Principal activities 2025 2024 Rakuten Trade Sdn Bhd Malaysia 50 50 Provision of online brokerage services (d) On 6 September 2024, the Bank and Rakuten Securities Holdings, Inc. had each disposed 2,500,000 shares in Rakuten Trade Singapore Pte. Ltd. to Rakuten Trade Sdn Bhd for a total consideration of RM11,411,970, via the issuance of 20,021,000 new ordinary shares of Rakuten Trade Sdn Bhd. (e) During the financial year ended 31 December 2025, the Company performed an impairment test on its investment in joint venture and recorded an impairment loss of RM4,612,000 as the carrying amount exceeded its recoverable amount.
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