MKH Annual Report 2017

29. DIVIDEND Net dividend Total per share amount Date of payment Sen RM 2017 Interim single tier dividend of 7.0 sen per ordinary share in respect of financial year ended 30 September 2016 7.0 29,362,829 30 December 2016 2016 Interim single tier dividend of 7.0 sen per ordinary share in respect of financial year ended 30 September 2015 7.0 29,359,770 31 December 2015 A first interim single tier dividend of 5.0 sen per ordinary share in respect of financial year ended 30 September 2017 amounting to RM29,284,585 was declared on 28 November 2017 and to be paid on 11 January 2018. The financial statements for the current financial year do not reflect the dividend. Such dividend will be accounted in equity as an appropriation of retained earnings in the financial year ending 30 September 2018. The directors do not recommend any final dividend payment in respect of the financial year ended 30 September 2017. 30. ACQUISITION OF SUBSIDIARIES During the financial year (a) On 4 October 2016, the Company incorporated a wholly-owned subsidiary company known as MKH Land (Aust) Pty Ltd in Australia with issued and paid up share capital of AUD100 comprising 100 shares of AUD1 each. The said incorporation did not give rise to a material impact on the financial statements of the Group. (b) On 4 July 2017, the Company acquired 100% of the equity interest in MKH IHS Precast Sdn Bhd, for a cash consideration of RM2. The said acquisition did not give rise to a material impact on the financial statements of the Group. Notes to the Financial Statements For the Financial Year ended 30 September 2017 179 MKH Berhad • Annual Report 2017