MKH Annual Report 2018

139 MKH Berhad Annual Report 2018 15. INVESTMENT IN SUBSIDIARIES The Company 2018 2017 RM RM Unquoted shares - at cost Ordinary shares 475,786,968 436,536,245 Redeemable convertible preference shares (“RCPS”) 279,500,000 279,500,000 755,286,968 716,036,245 Accumulated impairment loss At beginning and end of year (2,824,214) (2,824,214) Net book value 752,462,754 713,212,031 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 2018 2017 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 100% 100% and project management services 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% 51% Sdn. Bhd. Intelek Kekal (M) Sdn. Bhd. Malaysia Management services 100% 100% Intelek Murni (M) Berhad Malaysia Operating a recreational club 100% 100% NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2018