51 SIGNIFICANT RELATED PARTY TRANSACTIONS (CONTINUED) (e) Loans due from subsidiaries Terms and conditions of the loans are disclosed in Note 28 to the financial statements. Company 2024 2023 RM’000 RM’000 At 1 January 490,308 207,011 Addition 1,342,000 1,238,897 Repayment (1,031,562) (955,600) At 31 December 800,746 490,308 (f) Issuance of letter of financial support letter The Company has confirmed its intention to provide continuing financial support to MSM Malaysia Holdings Berhad (“MSMH”), a direct listed subsidiary of the Company to enable MSMH and its subsidiaries to meet its liabilities as they fall due within the next twelve months from the date of the support letter, 24 March 2025. 52 CAPITAL COMMITMENTS Group 2024 2023 RM’000 RM’000 Capital expenditure approved and contracted for: – Property, plant and equipment 605,397 510,620 605,397 510,620 53 CONTINGENT LIABILITIES Other than those disclosed in Note 54, there are no significant contingent liabilities as at the financial year end. Notes to the Financial Statements For the financial year ended 31 December 2024 179
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