NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2022 (cont’d) 23. AssetS held for sale Group 2022 2021 RM’000 RM’000 Assets held for sale Investment in quoted shares to be distribute as dividend in specie 56,280 - On 23 Decemeber 2022, the Company proposed to distribute 84,000,000 ordinary shares in Agmo, representing the entire 25.8% equity interest in Agmo held through MY E.G. Capital Sdn Bhd, a wholly-owned subsidiary of the Company, to entitled shareholders of the Company in two (2) separate tranches by way of a dividend-in- specie (“Proposed Dividend-in-Specie”). As such, the Group’s investment in Agmo was reclassified to asset held for sale as the investment will be held for distribution to owners of the Company. 24. SHARE CAPITAL Group and Company Number of ordinary shares Amount 2022 2021 2022 2021 ’000 ’000 RM’000 RM’000 At begininning of financial year 7,408,616 3,671,929 854,895 634,262 Issuance of new shares pursuant to: - bonus issue - 3,690,310 - - - DRP 68,955 18,380 49,182 30,327 - private placement - 210,000 - 208,506 Cancellation of treasury shares - (182,003) - (18,200) At end of the financial year 7,477,571 7,408,616 904,077 854,895 During the financial year, the Company issued 68,954,436 new ordinary shares from the exercise of the DRP at an exercise price of RM0.715 per share amounting to RM49,182,065 (net of transaction cost). The new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the Company. The holders of ordinary shares (except treasury shares) are entitled to receive dividends as declared from time to time, and are entitled to one vote per share at meetings of the Company. All ordinary shares rank equally with regards to the Company’s residual assets. 216
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