Notes to the Financial Statements for the Financial Year Ended 30 September 2024 Sustaining Lives, Empowering Communities Governance That Inspires Confidence Financial Insights Through Numbers Empowering Ownership PG. 231 15. INVESTMENT IN SUBSIDIARIES (CONT’D) Details of the subsidiaries are as follows: (Cont’d) Name of subsidiary Country of incorporation Proportion of ownership interest and voting power held by the Group Principal Activities 2024 2023 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% 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% € D uring the financial year, the Company subscribed for an additional 25,000,000 (2023: 43,600,000) new ordinary shares in Suria Villa Sdn. Bhd. and 1,000,000 (2023: 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. ^ During the financial year, Serentak Maju Corporation Sdn. Bhd. has reduced its share capital from RM500,000 to RM100,000 via cash distribution of RM400,000 to the Company, and Everland Asia Development Sdn. Bhd. which has reduced its share capital from RM1,000,000 to RM100,000 via a cash distribution of RM900,000 to the Company. The reduction in the share capital did not give rise to any changes in proportion of ownership interest and voting power held by the Group. # 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 subsidiary 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.
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