MKH Annual Report 2017

15. INVESTMENT IN SUBSIDIARIES (continued) Details of the subsidiaries are as follows: (continued) Proportion of ownership interest and voting power Country of held by the Group Name of subsidiary incorporation Principal activities 2017 2016 Subsidiary of Amona Metro Development Sdn. Bhd. Temara Pekeliling Sdn. Bhd. Malaysia Property development 50.4% 50.4% Subsidiaries of Srijang Indah Sdn. Bhd. Laju Jaya Sdn. Bhd. Malaysia Hotel business and 100% 100% property investment Maha Usaha Sdn. Bhd. Malaysia Property investment and 100% 100% management ∞ Metro Emart Sdn. Bhd. Malaysia E-commence 100% 100% # Subsidiaries audited by firms of auditors other than Deloitte PLT. ~ During the financial year, the Company acquired the subsidiaries for a total cash consideration of AUS100 and RM2 respectively. Ω During the financial year, the Company subscribed for 508 new ordinary shares in the subsidiary, representing 51% of the total allotment of 998 new ordinary shares. € During the financial year, the Company subscribed for additional 28,226,373 new ordinary shares in Suria Villa Sdn. Bhd., 2,500,000 new ordinary shares in Stand Allied Corporation Sdn. Bhd. and 940,606 new ordinary shares in Srijang Kemajuan Sdn. Bhd. ∞ In the previous financial year, the Company acquired the subsidiary for a total cash consideration of RM2. Subsequently, the Company disposed it to another subsidiary at RM2. ^ In the previous financial year, the Company subscribed for 508 new ordinary shares in the subsidiary, representing 51% of the total allotment of 998 new ordinary shares. * In the previous financial year, the Company subscribed for additional 412,500 new ordinary shares in the subsidiary. @ The investment in shares have been pledged as security for credit facilities granted to a subsidiary as disclosed in Note 28. ! The company is not audited by Deloitte PLT. As the company is dormant, no statutory audit is required under Australian Corporations Act. Notes to the Financial Statements For the Financial Year ended 30 September 2017 141 MKH Berhad • Annual Report 2017