216 NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʧ (cont’d) 7. INVESTMENT IN SUBSIDIARIES (CONT’D) (a) Incorporation of subsidiaries (i) On 7 March 2023, MLSB incorporated a wholly-owned subsidiary with 100 ordinary shares; representing 100% of equity interest in MYEGMUAR for a total consideration of RM100. (ii) On 28 July 2023, MLSB incorporated a wholly-owned subsidiary with 500,000 ordinary shares; representing 100% of equity interest in MYEGNC for a total consideration of RM500,000. (iii) On 4 October 2023, ZLTD incorporated a wholly-owned subsidiary with 100 ordinary shares; representing 100% of equity interest in ZSG for a total consideration of SGD100 (equivalent to RM349). (b) Acquisition of shares from NCI On 3 May 2024, MYEGJOBS acquired 40% equity interest in MTSSB from the other shareholder of Hurr TV for a total cash consideration of RM60,000, which increased the equity interest ownership from 60% to 100%. The effect of changes in the equity interest in MTSSB that is attributable to owners of the Company: RM’000 Carrying amount of NCI acquired (903) Consideration paid to NCI (60) Decrease in parent’s equity (963) On 8 August 2023, EGSB, a wholly-owned subsidiary of the Company, acquired 10% equity interest in MLSB for a total cash consideration of RM50,000, which increased the equity ownership from 55% to 65%. The effect of changes in the equity interest in MLSB that is attributable to owners of the Company: RM’000 Carrying amount of NCI acquired (881) Consideration paid to NCI (50) Decrease in parent’s equity (931) (c) Additional investments in subsidiaries On 6 May 2024, MYEGJOBS subscribed for an additional 849,998 new ordinary shares in MTSSB for a total cash consideration of RM849,998, which did not result in changes in the equity interest. On 22 September 2022, MYEGI entered into a share sales agreement to incorporate a wholly owned subsidiary in China, namely Zetrix China. The total register capital of Zetrix China is RMB1,000,000 and shall be contributed by MYEGI according to the business needs of Zetrix China and shall be fully contributed within ten (10) years after the issuance of the Zetrix China’s business license. MYEGI has contributed RMB12,000 (equivalent to RM7,798) (2023: RMB28,000 (equivalent to RM19,098)) during the financial year. On 1 September 2023, MYEGC had subscribed for additional of 2,999,900 new ordinary shares in Beli Mart for a total cash consideration of RM2,999,900, which did not result in changes in the equity interest. On 6 November 2023, NFT Capital had subscribed for additional of 9,900,000 new ordinary shares in NFT Creative for a total cash consideration of RM9,900,000, which did not result in changes in the equity interest.
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