18. INVESTMENTS IN SUBSIDIARIES (CONT’D.) (a) Group restructuring during the financial year (cont’d.) During the financial year, the Group and the Company executed and completed an internal Group restructuring scheme involving the following: (cont’d.) (xi) On 3 June 2025, the Company acquired 3 ordinary shares in Pavillion Palace Sdn Bhd (“PPSB”) representing 100% of the total paid-up capital for a total cash consideration of RM3. Following the completion of the acquisition, PPSB has become a wholly-owned subsidiary of the Company. The effects of the acquisition of PPSB to the financial statements are as follow: Carrying Amount RM’000 Fair value RM’000 Trade and other receivables 377 377 Cash and bank balances 1 1 Trade and other payables (392) (392) Net identifiable liabilities (14) (14) 2025 RM’000 Fair value of net identifiable liabilities, representing Group’s interest in fair value of net identifiable liabilities (14) Goodwill on acquisition (Note 22) 14 Total purchase consideration1 - The effect of the acquisition on cash flow is as follows: 2025 RM’000 Cash and cash equivalents of a subsidiary acquired 1 Less: Consideration settled in cash1 - Net cash inflow on acquisition 1 1 This denotes an amount of less than RM1,000 (i.e., RM3). NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 AR 2025 | FINANCIAL STATEMENT & OTHER INFORMATION 318
RkJQdWJsaXNoZXIy NDgzMzc=