MKH Annual Report 2019

161 M K H B e r h a d 14. INVESTMENT IN SUBSIDIARIES (CONT’D) Proportion of ownership interest and voting power Country of Principal held by the Group Name of subsidiary incorporation activities 30.9.2019 30.9.2018 1.10.2017 Subsidiary of Kajang  Resources Corporation  Sdn. Bhd. MKH Property Ventures Malaysia Property development 51% 51% -  Sdn. Bhd. Subsidiary of Nexus  Starship Sdn. Bhd.  (Note 31) Quantum Density Malaysia Property development 50.0004% - -  Sdn. Bhd. Subsidiaries of Srijang  Indah Sdn. Bhd. Laju Jaya Sdn. Bhd. Malaysia Hotel business and 100% 100% 100%  property investment Maha Usaha Sdn. Bhd. Malaysia Property investment 100% 100% 100%  and management Metro Emart Sdn. Bhd. Malaysia E-commerce 100% 100% 100% Subsidiaries of Metro  Emart Sdn. Bhd.  (Note 31) Europixel Sdn. Bhd. Malaysia Dormant 100% - - Hexapace Sdn. Bhd. Malaysia Dormant 100% - - Mercu Jasakita Malaysia Dormant 100% - -  Sdn. Bhd. ~ During the financial year, the Company acquired the subsidiary for total cash consideration of RM1. € During the financial year, the Company subscribed for additional 35,968,000 (30.9.2018: 26,600,000; 1.10.2017: Nil) new ordinary shares in Detik Merdu Sdn. Bhd., 2,000,000 (30.9.2018: 1,000,000; 1.10.2017: Nil) new ordinary shares in Srijang Indah Sdn. Bhd., 1,620,000 (30.9.2018: 3,495,394; 1.10.2017: 940,606) new ordinary shares in Srijang Kemajuan Sdn. Bhd., 10,764,300 (30.9.2018: 11,155,327; 1.10.2017: 28,226,373) new ordinary shares in Suria Villa Sdn. Bhd., Nil (30.9.2018: Nil; 1.10.2017: 2,500,000) new ordinary shares in Stand Allied Corporation Sdn. Bhd. and 199,999 (30.9.2018 and 1.10.2017: Nil) new ordinary shares in Nexus Starship Sdn. Bhd.. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2019