INVESTMENT IN SUBSIDIARY COMPANIES
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2008 |
2007 |
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RM |
RM |
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At cost: |
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Unquoted shares inMalaysia |
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x,xxx,xxx |
– |
Details of the subsidiary companies are as follows:
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Name of Companies |
Country of Incorporation |
Effective Equity Interest (%) |
Principal Activities |
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2008 |
2007 |
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ABC Sdn. Bhd. |
Malaysia |
100 |
– |
Investment holding. |
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DEF Sdn. Bhd. |
Malaysia |
60 |
– |
Investment holding, provision of consultancy, strategic, financial and corporate planning services. |
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GHI Sdn. Bhd. |
Malaysia |
100 |
– |
Provision of asset management services. |
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JKL Sdn. Bhd. * |
Malaysia |
100 |
50 |
Investment holding. |
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MNO Sdn. Bhd. |
Malaysia |
100 |
– |
Investment in shares, land and properties. |
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Subsidiaries of JKL Sdn. Bhd. |
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PQR Sdn. Bhd. |
Malaysia |
80 |
35 |
Property development. |
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Subsidiaries of PQR Sdn. Bhd. |
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STU Sdn. Bhd. |
Malaysia |
100 |
– |
Investment holding. |
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VWXSdn. Bhd. |
Malaysia |
100 |
– |
Investment in land and properties. |
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*During the financial year, the Company acquired 50% equity interest of JKL Sdn. Bhd. for a total consideration of RMx,xxx,xxx.
As a result of the acquisition, JKL Sdn. Bhd. became a wholly-owned subsidiary of the Company.