198 MKH BERHAD | ANNUAL REPORT 2023 15. INVESTMENT IN SUBSIDIARIES (CONT’D) Details of the subsidiaries are as follows: (Cont’d) Country of Proportion of ownership interest and voting power held by the Group Name of subsidiary incorporation Principal activities 2023 2022 € Srijang Kemajuan Sdn. Bhd. Malaysia Property development 99.99% 99.99% Stand Allied Corporation Sdn. Bhd. Malaysia Property development 100% 100% # Sumber Lengkap Sdn. Bhd Malaysia Property development 100% 100% € Suria Villa Sdn. Bhd. Malaysia Property development 100% 100% Vista Haruman Development Sdn. Bhd. Malaysia Property development 55% 55% Subsidiary of MKH Oil Palm (East Kalimantan) Berhad @& PT Maju Kalimantan Hadapan Republic of Indonesia Oil palm plantation 95% 95% Subsidiary of MKH Plantation Sdn. Bhd. & PT Sawit Prima Sakti Republic of Indonesia Oil palm plantation 75% 75% Subsidiaries of Gabung Wajib Sdn. Bhd. Amona Metro Development Sdn. Bhd. Malaysia Property development 60% 60% * Alif Mesra Sdn. Bhd. Malaysia Property development 65% 65% ∞ Danau Saujana Sdn. Bhd. Malaysia Property development 65% 100% Subsidiary of GK Resort Berhad # PNSB-GK Resort Sdn. Bhd. Malaysia Property development 70% 70% Subsidiary of Kumpulan Indah Bersatu Sdn. Bhd. # Palga Sdn. Bhd. Malaysia Investment holding 100% 100% Subsidiary of Pelangi Seri Alam Development Sdn. Bhd. Hillpark Resources Sdn. Bhd. Malaysia Property development 100% 100% NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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