ENRA Group Berhad Annual Report 2021

CORPORATE GOVERNANCE Annual Report 2021 | ENRA Group Berhad 45 H. How we Manage our MSMs (Cont’d) 1. Material Economics Sustainability Matters (Cont’d) ii. Business development and expansion (Cont’d) Investments / divestments Financial year Purchase consideration / Disposal proceed (RM’000) Agreement date / completion date Acquisition of leasehold land in Kemaman, Terengganu for ENRA Kimia’s new warehouse. FY2017/18 1,200 22.8.2017/ 13.8.2018 Construction of a new larger warehouse in Kemaman, Terengganu by ENRA Kimia. FY2018/19 7,350 29.4.2018/ 5.5.2021 (CCC) Disposal of the entire 70% interest in Landmark Zone Sdn. Bhd., the developer of the Shamelin Star project in Cheras. FY2018/19 5,600 14.5.2018/ 14.5.2018 Acquisition of 100% stake in International Chemicals Engineering Pty. Ltd., a supplier of liquid odorant, dosing systems and servicing to gas delivery and storage systems in Australia and New Zealand as part of geographical expansion of ENRA Kimia. FY2018/19 13,500 (AUD4.5 mil) 13.6.2018/ 13.6.2018 Acquisition of 51% stake in Abode Senior Living Limited to carry out a property development in a retirement home living estate in Rugby, Warwickshire, UK. FY2018/19 immaterial 27.3.2019/ 27.3.2019 Acquisition of 51% stake in ENRA IOL Sdn. Bhd. to enter into the energy-saving lighting business. FY2018/19 1,000 27.3.2019/ 27.3.2019 Sales of four units of flat in London in less than one year from redevelopment completion in February 2019. FY2019/20 48,426 (GBP9.082 mil) Various dates in FY2019/20 Acquisition of 51% stake in Q Homes via a shareholders’ agreement with IBGH Capital Sdn. Bhd. to collaborate in the business of property development in Malaysia. FY2019/20 128 31.5.2019/ 20.6.2019 Acquisition of a vessel “Ratu ENRA” for the Myanmar project for better control over operation and improved profitability. FY2019/20 38,870 (USD9.3 mil) 7.10.2019/ 8.7.2020 Acquisition of a single point mooring buoy system for the Myanmar project for better control over operation and improved profitability. FY2019/20 14,630 (USD3.5 mil) 14.8.2019/ 18.2.2020 Acquisition of the Kilkenny property in Dandenong, Victoria, Australia on a freehold land to secure an appreciating asset where ICE is currently operating on. FY2019/20 4,074 (AUD1.45 mil) 31.3.2020/ 31.3.2020 SUSTAINABILITY REPORT