23 INVESTMENT IN SUBSIDIARIES Company 2024 2023 RM’000 RM’000 At cost less accumulated impairment (i) Malaysian quoted shares: Ordinary shares At 1 January/31 December 208,590 208,590 (ii) Malaysian unquoted shares: Ordinary shares: At 1 January 6,662,472 6,675,479 Impairment loss (Note 23(d)) (125,148) (15,039) Conversion of amount due from a subsidiary into investment in equity of the subsidiary (Note 27) 1,637 2,032 At 31 December 6,538,961 6,662,472 (iii) Foreign unquoted shares: At 1 January/31 December 9,232 9,232 (iv) Redeemable and Non-voting Convertible Preference Shares (“RCPS”)/Redeemable Cumulative and Non-voting Convertible Preference Shares (“RCCPS”)*: At 1 January/31 December 1,580,549 1,580,549 (v) Capital contribution to subsidiaries: At 1 January/31 December 15,482 15,482 Total 8,352,814 8,476,325 Market value of Malaysian quoted shares, based on Group’s effective interest 423,054 577,217 The disclosure of market value of Malaysia quoted shares is based on Level 1 fair value computation. Notes to the Financial Statements For the financial year ended 31 December 2024 109
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