MKH BERHAD | ANNUAL REPORT 2023 199 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 Subsidiary of Nexus Starship Sdn. Bhd. Quantum Density Sdn. Bhd. Malaysia Property development 50.0004% 50.0004% Subsidiaries of Metro Kajang (Oversea) Sdn. Bhd. # Vast Furniture Manufacturing (Kunshan) Co. Ltd. The People’s Republic of China Furniture manufacturing 100% 100% # PT Nusantara Makmur Jaya Republic of Indonesia Dormant 100% 100% # Restu Mesra Sdn. Bhd. Malaysia Investment holding 100% 100% Subsidiary of Palga Sdn. Bhd. # Hiliran Juara Sdn. Bhd. Malaysia Property development 100% 100% Subsidiary of Amona Metro Development Sdn. Bhd. * Temara Pekeliling Sdn. Bhd. Malaysia Property development and property management 50.4% 50.4% Subsidiary of Kajang Resources Corporation Sdn. Bhd. MKH Property Ventures Sdn. Bhd. Malaysia Property development 51% 51% Subsidiaries of Srijang Indah Sdn. Bhd. Laju Jaya Sdn. Bhd. Malaysia Property investment and hotel business 100% 100% Maha Usaha Sdn. Bhd. Malaysia Property management and property investment 100% 100% Ω Metro Emart Sdn. Bhd. Malaysia E-commerce - 100% € During the financial year, the Company subscribed for an additional 43,600,000 new ordinary shares in Suria Villa Sdn. Bhd. and 25,800,000 new ordinary shares in Srijang Kemajuan Sdn. Bhd.. The said additional subscription did not give rise to any changes in proportion of ownership interest and voting power held by the Group. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2023
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