Serba Dinamik Annual Report 2018

235 SERBA DINAMIK HOLDINGS BERHAD ANNUAL REPORT 2018 15. Asset classified as held for sale On 31 October 2018, the Group via a wholly owned indirect subsidiary, SDSB, entered into a Subscription Agreement to subscribe 366,013 ordinary shares of RM43.71 each representing approximately 42.26% equity interest in E&E Gas Sdn. Bhd. The purchase consideration of RM15,998,428 is to be settled via transfer of this piece of land held under SDSB totalling approximately 10 acres. The completion of the subscription agreement and the transfer of land is expected to be completed by first half of 2019. Group 2018 2017 RM’000 RM’000 Land 16,000 - ========= ========= N O T E S T O T H E F I N A N C I A L S TAT E M E N T