18. INVESTMENTS IN SUBSIDIARIES Company 2025 RM’000 2024 RM’000 Unquoted shares, at cost 4,330,281 4,477,222 Discount on amounts due from subsidiaries 47,910 47,910 4,378,191 4,525,132 Less: Accumulated impairment losses (418,986) (399,556) 3,959,205 4,125,576 Movement in the accumulated impairment losses: At 1 January 399,556 399,556 Charge for the financial year (Note 9) 19,430 - At 31 December 418,986 399,556 Details of the subsidiaries are as follows: Name of subsidiaries Country of incorporation Principal activities Effective interest held by the Group# Effective interest held by non-controlling interests# 2025 % 2024 % 2025 % 2024 % Advent Nexus Sdn Bhd Malaysia Investment holding 100 100 - - Arah Pelangi Sdn Bhd Malaysia Property development 100 100 - - Bakat Rampai Sdn Bhd (“BRSB”) Malaysia Investment holding 100 100 - - Subsidiaries of BRSB: Dicorp Land Sdn Bhd Malaysia Property development 100 100 - - Tropicana City Sdn Bhd (“TCSB”) Malaysia Property development and property investment 100 100 - - NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 AR 2025 | FINANCIAL STATEMENT & OTHER INFORMATION 298
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