NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2025 16. INVESTMENT IN SUBSIDIARIES (CONT'D) (b) Acquisition of Hala Maju Sdn. Bhd. In the previous financial year, MKHOP, a subsidiary of the Company acquired 1 ordinary share representing 100% of equity interest of Hala Maju Sdn. Bhd. (“HMSB”) for a cash consideration of RM1. The said acquisition did not give rise to a material impact on the financial statements of the Group. (c) Acquisition of Knowledge Builder Sdn. Bhd. In the previous financial year, Intra Tegas (M) Sdn. Bhd. (“ITSB”), a wholly-owned subsidiary of the Company completed the acquisition of 6,000,000 ordinary shares representing 60% of equity of Knowledge Builder Sdn. Bhd. (“KBSB”) for a cash consideration of RM17,000,000. The fair value of the assets acquired and liabilities assumed at the effective date of acquisition are as follows: The Group 2024 RM Intangible assets - development right (Note 13.2) 11,015,954 Joint venture deposits for land development (Note 21(f)(i)) 10,000,000 Cash and bank balances 3,183 Payables and accruals (29,773) Total identifiable net assets 20,989,364 Non-controlling interests (3,989,364) Equity attributable to owner of the parent 17,000,000 Goodwill on acquisition - Total purchase consideration paid in cash 17,000,000 Cash and bank balances of subsidiary acquired (3,183) Acquisition of subsidiary, net of cash acquired 16,996,817 Redeemable Convertible Preference Shares The salient features of the Redeemable Convertible Preference Shares (“RCPS”) of the subsidiaries are as follows: (a) Dividends The holder has the right to be paid, out of such profits of the subsidiary available for distribution determined by the directors at their discretion to be distributed in respect of each financial year or other accounting period of the subsidiary, a dividend at a rate as the Board of Directors shall determine from time to time. 6 Financial Insights Through Numbers 1 3 5 2 4 7 PG | 233 ANNUAL REPORT 2025 MKH BERHAD
RkJQdWJsaXNoZXIy NDgzMzc=