SECTION 4: FINANCIAL PERFORMANCE 182 Registration No: 199301009307 (264044-M) 44 6. INVESTMENT IN SUBSIDIARIES (CONT’D) Material non-controlling interests Financial information of subsidiaries which have non-controlling interests that are material to the Group is set out below. Proportion of equity interest held by non-controlling interests: Name Country of incorporation and operation 2023 2022 (%) (%) MST Golf Management Sdn. Bhd.* Malaysia - 30% MST Golf (Singapore) Pte. Ltd.* Singapore - 24% PT MST Golf Indonesia Indonesia 49% - PT MST Golf Indonesia MST Golf Management Sdn. Bhd.* MST Golf (Singapore) Pte. Ltd.* RM’000 RM’000 RM’000 2023 Carrying amount of non-controlling interests 18,061 - - Loss allocated to non-controlling interests (257) - - Total comprehensive loss allocated to noncontrolling interests (630) - - 2022 Carrying amount of non-controlling interests - - - Profit allocated to non-controlling interests - 171 2,292 Total comprehensive income allocated to non-controlling interests - 171 2,742 * On 4 November 2022, the Company acquired the remaining 30% and 24% equity interest in MST Golf Management Sdn. Bhd. and MST Golf (Singapore) Pte. Ltd. respectively.
RkJQdWJsaXNoZXIy NDgzMzc=