ANNUAL REPORT 2021 185 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʤ (CONT’D) 5. INVESTMENTS IN SUBSIDIARIES (CONT’D) (a) During the financial year:- (i) On 18 March 2021, EGSB incorporated a wholly-owned subsidiary with 2 ordinary shares, representing 100% of equity interest in MYEG TwoCar for a total consideration of RM2.00. (ii) On 20 April 2021, EGSB subscribed for an additional 79,998 ordinary shares, representing 80% of the equity interest in MYEG TwoCar for a total consideration of RM79,998. (iii) On 1 May 2021, GVSB acquired 100,000 ordinary shares, representing 100% of equity interests in NFT Creative for a total consideration of RM1,250,000. As part of the restructuring of the acquisition, GVSB acquired 100 ordinary shares representing 100% equity interest of both NFT Labuan and NFT Capital on 18 November 2021 and 13 September 2021. Details of the acquisition are disclosed in Note 40 to the financial statements. (iv) On 6 June 2021, MYEGM incorporated a wholly-owned subsidiary with 2 ordinary shares, representing 100% of equity interest in MYEG VAC for a total consideration of RM2.00. (v) On 25 June 2021, MYEGIND incorporated a wholly-owned subsidiary with 2 ordinary shares, representing 100% of equity interest in MYEGT for a total consideration of RM2.00. (vi) On 1 July 2021, MYEGM subscribed for an additional 508 ordinary shares, representing 51% of the equity interest in MYEG VAC for a total consideration of RM508. (vii) On 3 August 2021, MYEGC incorporated a subsidiary by subscribing 51 ordinary shares, representing 51% of equity interest in NFTPT for a total consideration of RM51. (viii) On 7 September 2021, MYDC incorporated a wholly-owned subsidiary with 2 ordinary shares, representing 100% of equity interest in Zetrix for a total consideration of RM2. Subsequently on 17 November 2021, MYDC subscribed for an additional 2,351,998 ordinary shares, representing 56% of equity interest in Zetrix for a total consideration of RM4,199,998. (ix) On 12 October 2021, the Company subscribed for an additional 500,000 ordinary shares, representing 100% of equity interest in MYEGMS for a total consideration of RM500,000. (x) On 1 October 2021, MYEGM subscribed for an additional 999,998 ordinary shares, representing 100% of equity interest in MYEGPHA for a total consideration of RM999,998. (xi) On 15 November 2021, MYEGC incorporated a wholly-owned subsidiary with 100 ordinary shares, representing 100% of equity interest in Beli Mart for a total consideration of RM100. (b) In the previous financial year:- (i) On 10 March 2020, MLSB incorporated a wholly-owned subsidiary with 1,000 ordinary shares, representing 100% of equity interest in MYEGFWA for a total consideration of RM100. (ii) On 3 June 2020, MYEGC incorporated a wholly-owned subsidiary with 100 ordinary shares, representing 100% of equity interest in MYEGM for a total consideration of RM100. (iii) On 23 July 2020, EGSB subscribed for an additional 499,999 ordinary shares, representing 100% of equity interest in MYAA for a total consideration of RM499,999. (iv) On 10 August 2020, the Company incorporated a wholly-owned subsidiary with 1,000,000 ordinary shares, representing 100% of equity interest in MYEGDI for a total consideration of RM1,000,000. (v) On 25 August 2020, MYEGM incorporated a wholly-owned subsidiary with 2 ordinary shares, representing 100% of equity interest in MYEGPHA for a total consideration of RM2. (vi) On 31 October 2020, MYEGC subscribed for an additional 5,000,000 ordinary shares, representing 100% of equity interest in MYEGM for a total consideration of RM5,000,000.
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