197 ANNUAL REPORT 2022 18. Unitholders’ capital No. of units 2022 2021 2022 RM 2021 RM Group and Fund Unitholders’ capital 580,000,000 580,000,000 572,545,319 572,545,319 The Fund issued 580,000,000 units of RM1 each in conjunction with the Fund’s Initial Public Offering (“IPO”) on the Main Market of Bursa Malaysia on 29 September 2015 of which 327,640,000 units of RM1 each were issued to vendors of the Fund’s investment properties to partially finance the acquisition of the said investment properties. The remaining 252,360,000 units of RM1 each were issued as part of the IPO to institutional investors and the Malaysian public. Details of units held by the related companies of the Manager which comprise companies related to Johor Corporation, a body corporate established under the Johor Corporation Enactment No. 4, 1968 (as amended by the Enactment No. 5, 1995), and substantial unitholders of the Fund, and their market value as of 31 December 2021 based on the Record of Depositors are as follows: No. of units 2022 2021 2022 RM 2021 RM Group and Fund Related companies: Johor Corporation 24,436,600 24,436,600 9,041,542 11,851,751 Damansara Assets Sdn Bhd 278,539,417 278,539,417 103,059,584 135,091,617 Kulim (Malaysia) Berhad 27,060,600 27,060,600 10,012,422 13,124,391 Waqaf An-Nur Corporation Berhad 57,769,401 - 21,374,678 - Johor Land Berhad 1,499,500 1,499,500 554,815 727,258 KPJ Healthcare Berhad 2,000,000 2,000,000 740,000 970,000 Kumpulan Bertam Plantations Berhad 296,000 296,000 109,520 143,560 Tenaga Utama (Johor) Berhad 7,688 7,688 2,845 3,729 Market value for purposes of disclosure above is based on the closing price of the Fund as shown on the board of the Main Market of Bursa Malaysia, which was RM0.37 per unit as at 31 December 2022 (2021: RM0.49 per unit). NOTES TO THE FINANCIAL STATEMENTS 31 December 2022 (cont’d.)
RkJQdWJsaXNoZXIy NDgzMzc=