5. INVESTMENTS IN SUBSIDIARIES (CONT’D) (b) 2024 (i) On 29 August 2024, the Company redeemed its entire 22,500,000 CRCPS in Keyfield Endeavour for a total consideration of RM22,500,000. (ii) On 25 November 2024, the Company subscribed for additional 116,400,000 ordinary shares in Keyfield Offshore, a wholly-owned subsidiary of the Company, for a total consideration of RM117,564,000. (c) The non-controlling interests at the end of the reporting period comprise the following:- Effective Equity Interest The Group 2025 2024 2025 2024 % % RM’000 RM’000 Keyfield Endeavour 10 10 5,154 4,285 Keyfield Ship Services 49 49 (29) 28 Keyfield Biham FZCO group 35 - (124) - 5,001 4,313 (d) Summarised financial information of non-controlling interests has not been presented as the non-controlling interests of the subsidiaries are not individually material to the Group. 181 Annual Report 2025
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