MKH Berhad 161 Notes to the Financial Statements For the Financial Year Ended 30 September 2022 INVESTMENT IN SUBSIDIARIES (CONT’D) 15. Details of the subsidiaries are as follows: (Cont’d) € During the financial year, the Company subscribed for additional 15,000,000 new ordinary shares in Budi Bidara Sdn. Bhd., 9,000,000 new ordinary shares in Gerak Teguh Sdn. Bhd., 5,900,000 new ordinary shares in Metro Nusantara Sdn. Bhd., 1,150,000 new ordinary shares in MKH Building Materials Sdn. Bhd., 18,000,000 new ordinary shares in MKH Development Sdn. Bhd., 59,900,000 new ordinary shares in MKH Plantation Sdn. Bhd., 5,000,000 new ordinary shares in Perkasa Bernas (M) Sdn. Bhd., 10,000,000 new ordinary shares in Petik Mekar Sdn. Bhd., 10,000,000 new ordinary shares in Serba Sentosa Sdn. Bhd., 153,198,000 new ordinary shares in Srijang Kemajuan Sdn. Bhd. and 97,549,000 new ordinary shares in Suria Villa Sdn. Bhd. In the previous financial year, the Company subscribed for additional 499,998 new ordinary shares in Metro Readymix Sdn. Bhd. and 1,221,000 new ordinary shares in Srijang Kemajuan Sdn. Bhd. ^ During the financial year, the Company subscribed for 4,999,999 new ordinary shares of RM1/- in the subsidiary, representing 50% of total allotment of 9,999,998 new ordinary shares. θ During the financial year, the Company subscribed for 124,999 new ordinary shares of RM1/- in the subsidiary, representing 50% of total allotment of 249,999 new ordinary shares. ∞ During the financial year, the Company acquired the remaining 49% equity interest for cash consideration of RM490 each in Danau Saujana Sdn. Bhd. and Global Landscape Creation Sdn. Bhd.. Subsequently after the financial year end, on 11 October 2022, the Company disposed 100% equity interest in Danau Saujana Sdn. Bhd. for a total cash consideration of RM1,000 to another subsidiary. * During the financial year, the Group has acquired 1 ordinary share representing 100% equity interest in Restu Mesra Sdn. Bhd. for a cash consideration of RM1/-. # Subsidiaries audited by firms of auditors other than Deloitte PLT. & Subsidiaries audited by a member firm of Deloitte PLT. @ The investment in shares have been pledged as security for credit facilities granted to subsidiaries as disclosed in Note 33. ! The subsidiary is not audited by Deloitte PLT. As the company is dormant, no statutory audit is required under the Australian Corporations Act. Ω During the financial year, the Group has disposed the subsidiaries for a total cash consideration of RM3.
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