147 ANNUAL REPORT 2023 MST GOLF GROUP BERHAD Registration No: 199301009307 (264044-M) 9 SIGNIFICANT EVENTS DURING THE FINANCIAL YEAR (CONT’D) (iv) Subscription of additional shares of subsidiaries On 22 December 2023, the Company subscribed an additional 117,900 new ordinary shares of IDR1.0 million each in MGI with a cash subscription of IDR117.9 billion (equivalent to approximately RM18,587,000). On 29 December 2023, the Company subscribed an additional 5,000,000 new ordinary shares of RM1 each in MST Golf Arena Sdn. Bhd. by capitalising the amount owed by the subsidiary company of RM5,000,000. SUBSEQUENT EVENT AFTER THE FINANCIAL YEAR On 26 February 2024, the Board of Directors declared the second interim single tier dividend of RM 0.005 per ordinary share amounting to RM4,104,000 in respect of financial year ended 31 December 2023 with entitlement date on 20 March 2024 and paid on 8 April 2024 to the shareholders of the Company. Other than the above, there were no other material event subsequent to the end of the financial year.
RkJQdWJsaXNoZXIy NDgzMzc=