NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2025 (cont’d) 7. Investment in subsidiaries (CONT’D) (d) Acquisition of subsidiaries (cont’d) The effect of the above acquisition on the financial position of the Group as at the date of the acquisition was as follows: ZFSB RM Group Fair value of identifiable assets/(liabilities) Cash and bank balances 390 Other payables (4,550) Amount due to related parties (3,828) Total identifiable net liabilities (7,988) Goodwill arising from business combination Fair value of consideration 60 NCI (2,396) Fair value previously held equity interest 80 Fair value of identifiable net liabilities 7,988 Goodwill 5,732 Net cash inflow from acquisition of a subsidiary Cash and cash equivalents acquired 390 Less: Consideration paid (60) 330 (e) Internal restructuring (i) On 3 May 2024, MYEGJOBS acquired 100% equity interest in MTSSB from Hurr Tv and the other shareholder of Hurr Tv for a total consideration of RM150,002. (ii) On 2 October 2024, MYEGC acquired 51% equity interest of MYEG VAC from BreatheX Sdn. Bhd. (“BXSB”) for a total consideration of RM1,000. On the same day, MYEGC acquired 100% equity interest of MYEGPHA from BXSB for a total consideration of RM1,000,000. (f) Disposal of a subsidiary On 2 October 2024, MYEGC disposed of its 100% equity interest in BXSB for a total consideration of RM60,520,000 satisfied by issuance of shares in the purchaser to MYEGC, which were accounted for as other investments. The disposal arrangement included an assignment of debts amounting to RM55,665,075. FINANCIAL STATEMENTS 239
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