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. 241 16. INVESTMENT IN ASSOCIATES The Group 2024 2023 RM RM At cost: Unquoted shares 21,733,996 25,333,996 Capital reductions - (3,600,000) 21,733,996 21,733,996 Share of post-acquisition reserves 8,037,936 3,895,455 29,771,932 25,629,451 The details of the associates, incorporated in Malaysia, are as follows: Proportion of ownership interest and voting power held by the Group Name of associate Principal activities 2024 2023 Financial year end Ω# Daksina Harta Sdn. Bhd. (“DHSB”) Property development and property investment 40% 40% 31 December ~ Panasonic Homes MKH Malaysia Sdn. Bhd. (“PHMMSB”) General construction 49% 49% 31 March *# Rimbunan Melati Sdn. Bhd. (“RMSB”) Property development 45% 45% 31 December ∆# Sunway MKH Marketing Sdn. Bhd. (“SMMSB”) Trading of building materials and household related products 49% 49% 31 December Ω Interest held through Perkasa Bernas (M) Sdn. Bhd.. ~ Interest held through Kajang Resources Corporation Sdn. Bhd.. * Interest held through Dapat Jaya Builder Sdn. Bhd.. ∆ Interest held through MKH Building Materials Sdn. Bhd.. # Audited by firms of auditors other than Deloitte PLT. The above associates are accounted for using the equity method in the consolidated financial statements.
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