Sasbadi Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 103 ANNUAL REPORT 2017 6. Investments in subsidiaries (continued) Effective ownership interest and voting interest Name of subsidiary Principal activities 2017 2016 % % Subsidiaries of United Publishing House (M) Sdn. Bhd. G-Apple Studio Sdn. Bhd. Dormant 100 100 Penerbitan Daya Sdn. Bhd. Dormant 100 100 Penerbitan Minda Sdn. Bhd. Dormant 100 100 UPH Distributor Sdn. Bhd. Dormant 100 100 Subsidiary of Sasbadi Learning Solutions Sdn. Bhd. Distinct Motion Sdn. Bhd.* Provider of learning activities related to robotics and science, technology, engineering and mathematics (STEM) education 100 - Subsidiaries of The Malaya Press Sdn. Bhd. Media Distribution Sdn. Bhd. Dormant 100 70 Jinbang Publication Sdn. Bhd. Publication of books 100 70 Big Tree Publications Sdn. Bhd. Publication of books 100 70 Subsidiary of Distinct Motion Sdn. Bhd. Distinct Element Sdn. Bhd.* Provider of learning activities related to robotics and STEM education 100 - * Subsidiaries not audited by KPMG PLT. ^ On 18 March 2016 , Mindtech Education Sdn. Bhd. (“MindTech”) increased its issued and paid-up share capital from RM1,500,000 to RM5,000,000 through the subscription by the Company of additional 3,500,000 ordinary shares for a cash consideration of RM3,500,000.