ANNUAL REPORT 2021 211 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʤ (CONT’D) 22. CASH AND BANK BALANCES (CONT’D) The short-term cash investments’ unit price range from RM0.50 to RM1.40 (2020 - RM0.51 to RM1.38). The short-term cash investments have maturity periods ranging from 1 to 30 (2020 - 1 to 30) days. At the end of the reporting year, the bank balances of the Group and the Company amounts to RM107,524 (2020 - RM26,718) was held in trust by a director of the Company and a director of a subsidiary. 23. SHARE CAPITAL The Group/The Company 2021 2020 Number of Shares Share Capital Number of Shares Share Capital ’000 RM’000 ’000 RM’000 Issued and Fully Paid-Up Ordinary Shares At 1 January 3,671,929 634,262 3,606,306 360,630 Issuance of new shares pursuant to: - bonus issue (b) 3,690,310 - - - - DRP (c) 18,380 30,327 45,623 58,398 - issuance of new shares - - 12,500 14,975 - private placements (d) 210,000 208,506 120,000 211,509 Cancellation of treasury shares (e) (182,003) (18,200) (112,500) (11,250) 3,736,687 220,633 65,623 273,632 At 31 December 7,408,616 854,895 3,671,929 634,262 (a) The holders of ordinary shares (except treasury shares) are entitled to receive dividends as and when declared by the Company and are entitled to one vote per ordinary share at meetings of the Company. The ordinary shares have no par value. (b) During the financial year, the Company issued 3,690,309,821 new ordinary shares by way of bonus issue on the basis of one (1) new ordinary share for every one (1) existing ordinary share held in the Company on 14 September 2021. (c) Issuance of 18,380,084 new ordinary shares from the exercise of the DRP at an exercise price of RM1.65 per share amounting to RM30,327,139 as disclosed in Note 41 to the financial statements. (d) Issuance of 210,000,000 new ordinary shares from the exercise of the first tranche private placement for a RM208,505,058, net of transaction costs. (e) During the financial year, the Company has undertaken the cancellation of treasury shares pursuant to Section 127 of the Companies Act 2016 in Malaysia which resulted in the reduction of the issued and paidup capital by RM18,200,300. (f) The new ordinary shares issued rank pari passu in all respects with the existing ordinary shares of the Company.
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