192 KEYFIELD INTERNATIONAL BERHAD 202001038989 (1395310-M) NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (cont’d) 36. SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (CONT’D) (c) On 25 June 2024, Keyfield Offshore entered into a Memorandum of Agreement with Belait Barakah Sdn Bhd (“Belait Berakah”) to purchase a vessel, namely Belait Barakah for a total purchase consideration of USD6,000,000 (equivalent to RM28,266,000 at then prevailing exchange rate). The Group has taken delivery of the vessel on 3 July 2024 and it has been renamed as Keyfield Itqan. (d) On 25 June 2024, Keyfield Offshore entered into a Shipbuilding Contract with Jinjiang Nanyang Shipbuilding Co. Ltd. and Nantong Shunyang Trade and Development Co. Ltd. for the shipbuilding of a new vessel with a contract value of USD30,500,000 (equivalent to RM143,700,000 at then prevailing exchange rate). The Group has made progress payment of USD6,100,000 (equivalent to RM28,770,250) in the financial year ended 2024. The shipbuilding is currently in progress with expected delivery in year 2026. (e) On 6 August 2024, Keyfield Offshore entered into a Memorandum of Agreement with Fun Success Limited to purchase a vessel, namely MV Aulia for a total purchase consideration of USD7,800,000 (equivalent to RM34,554,000 at then prevailing exchange rate). The Group has taken delivery of the vessel on 13 August 2024 and it has been renamed as Keyfield Aulia. (f) On 23 October 2024, the Company established an Islamic medium term notes (“Sukuk Wakalah”) programme of up to RM1 billion in nominal value with a tenure of up to 30 years. Subsequently, the Company had on 26 December 2024 made its first issuance of RM200 million in nominal value under this programme, comprising two tranches of RM100 million each, with tenure of 3 and 5 years, respectively. 37. SIGNIFICANT EVENTS OCCURING AFTER THE REPORTING PERIOD (a) On 6 January 2025, Keyfield Offshore entered into a Memorandum of Agreement with Sinocommerce Harbour Engineering Co. Limited to purchase a vessel, to be renamed Keyfield Gratitude for a total purchase consideration of USD17,600,000 (equivalent to RM79,220,000). The Group has taken delivery of the vessel on 15 January 2025. (b) On 21 March 2025, Keyfield Ventures (Labuan) Limited, a wholly-owned subsidiary of the Company was incorporated to carry out leasing business. (c) On 27 March 2025, Keyfield Offshore entered into a Memorandum of Agreement with Saraf Corporation India Private Limited to dispose a vessel, namely Keyfield Lestari for a cash consideration of USD12,500,000 (equivalent to RM55,400,000). As at the end of this report, the disposal of the vessel has yet to be completed. (d) On 15 April 2025, Keyfield Ventures (Labuan) Limited entered into a Memorandum of Agreement with Taizhou Sanfu Ship Engineering Co., Ltd., China to purchase a vessel, to be renamed Keyfield Blessing for a total purchase consideration of USD20,550,000 (equivalent to RM90,760,000). As at the date of this report, the purchase of the vessel has yet to be completed.
RkJQdWJsaXNoZXIy NDgzMzc=