27. ASSETS CLASSIFIED AS HELD FOR SALE Group 2025 RM’000 2024 RM’000 At 1 January 138,958 473,628 Additions 903 1,696 Reclassification from cash and bank balances - 4,933 Transfer from investment properties (Note 17) - 138,958 Disposals (139,861) (480,257) At 31 December - 138,958 The details of the assets classified as held for sale in the previous financial year are as follows: (a) Transfer from investment properties (i) On 6 June 2024, Urban Discovery Sdn Bhd (“UDSB”), an indirect wholly-owned subsidiary of the Group, entered into a sale and purchase agreement with PLS Property Sdn Bhd for the disposal of a freehold land with 3-storey shop lots in Bentong, Pahang measuring approximately 163 square metres for a total consideration of RM3,000,000. The said disposal had been completed during the financial year ended 31 December 2025 upon fulfillment of conditions precedent. (ii) On 27 June 2024, Tropicana Tawau Development Sdn Bhd, a wholly-owned subsidiary of the Group, entered into a sale and purchase agreement with GPL Properties Sdn Bhd for the disposal of 5 parcels of leasehold land and 2-storey commercial building measuring approximately 3,237 square metres in total for a total consideration of RM6,750,000. The said disposal had been completed during the financial year ended 31 December 2025 upon fulfillment of conditions precedent. (iii) On 11 July 2024, UDSB entered into a sale and purchase agreement with external parties for the disposal of a freehold land with 3-storey shop lots in Bentong, Pahang measuring approximately 163 square metres for a total consideration of RM3,400,000. The said disposal had been completed during the financial year ended 31 December 2025 upon fulfillment of conditions precedent. (iv) On 14 August 2024, Tropicana Danga Bay Sdn Bhd, an indirect 60% owned subsidiary of the Group, entered into a development rights agreement with PGB Desa Heights Sdn Bhd, for the disposal of 2 parcels of freehold land measuring approximately 28,842 square metres in Johor Bahru for a total consideration of RM102,458,000. The said disposal had been completed during the financial year ended 31 December 2025 upon fulfillment of conditions precedent. (v) On 25 September 2024, Tropicana Development (Sabah) Sdn Bhd, a wholly-owned subsidiary of the Group, entered into a sale and purchase agreement with Lux Auto World Sdn Bhd, for the disposal of a parcel of leasehold land measuring approximately 11,776 square metres together with a 3-storey commercial building thereon known as D’Junction for a total consideration of RM23,000,000. The said disposal had been completed during the financial year ended 31 December 2025 upon fulfillment of conditions precedent. 335
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