MKH Annual Report 2017

15. INVESTMENT IN SUBSIDIARIES The Company 2017 2016 RM RM Unquoted shares - at cost Ordinary shares 436,536,245 404,868,408 Redeemable convertible preference shares (“RCPS”) 279,500,000 279,500,000 716,036,245 684,368,408 Accumulated impairment loss At beginning and end of year (2,824,214) (2,824,214) Net book value 713,212,031 681,544,194 Details of the subsidiaries are as follows: Proportion of ownership interest and voting power Country of held by the Group Name of subsidiary incorporation Principal activities 2017 2016 Achieve Acres Sdn. Bhd. Malaysia Property development 85% 85% Aliran Perkasa Sdn. Bhd. Malaysia Property development 100% 100% Budi Bidara Sdn. Bhd. Malaysia Property development 100% 100% Dapat Jaya Builder Sdn. Bhd. Malaysia Building and civil works contracting and project management services 100% 100% ^Danau Saujana Sdn. Bhd. Malaysia Property development 51% 51% @ Detik Merdu Sdn. Bhd. Malaysia Investment holding 100% 100% Everland Asia Development Malaysia Property development 100% 100% Sdn. Bhd. Gabung Wajib Sdn. Bhd. Malaysia Property development 100% 100% Gerak Teguh Sdn. Bhd. Malaysia Property development 100% 100% GK Resort Berhad Malaysia Investment holding 100% 100% Ω Global Landscape Creation Malaysia Dormant 51% 100% Sdn. Bhd. MKH Plantation Sdn. Bhd. Malaysia Investment holding 100% 100% Notes to the Financial Statements For the Financial Year ended 30 September 2017 137 MKH Berhad • Annual Report 2017