Serba Dinamik Annual Report 2021

Registration No: 201501042584 (1167905-P) Serba Dinamik Holdings Berhad (Incorporated in Malaysia) 71 8. Investment in subsidiaries (continued) On 28 May 2020, the Group via SDIL, a wholly owned indirect subsidiary of the Company has disposed 99% equity interest in Serba Dinamik International Petroleum Services Company W.L.L. with a consideration of BHD462,968 which is equivalent to approximately RM5.4 million. On 4 June 2020, the Group via SDIL, a wholly owned indirect subsidiary of the Company has entered into a Share Sale Agreement to acquire 1,360,001 ordinary shares representing 80% equity interest in Wellahead Holding Limited for a cash consideration of RM18.4 million. On 30 June 2020, the Group via SDGB, a wholly owned subsidiary of the Company, has subscribed 90 ordinary shares representing 90% shareholdings in SDMAX Sdn. Bhd. for RM90. On 5 November 2020, the Group via SDGB, a wholly owned subsidiary of the Company, has subscribed 100 ordinary shares representing 100% shareholdings in Serba Dinamik Cybersecurity Sdn. Bhd. for RM100. On 16 December 2020, the Group via SDGB, a wholly owned subsidiary of the Company entered into a Share Sale Agreement to acquire 20,000,000 ordinary shares representing 100% equity interest in Serba Dinamik Education Sdn. Bhd. (formerly known as Prestariang Education Sdn. Bhd.) for a consideration of RM2.5 million and is recognised as a subsidiary. On 26 February 2021, the Group via SDITIL, a wholly owned indirect subsidiary of the Company, has subscribed 8 ordinary shares representing 80% shareholdings in Serba Dinamik IT Solutions Pty. Ltd. for RM10. On 1 March 2021, the Group via SDIL, a wholly owned indirect subsidiary of the Company has subscribed 1,000 ordinary shares representing 100% shareholding in SD International Sukuk III Limited for a cash consideration of RM4,056. On 18 March 2021 the Group via SDX, a wholly owned indirect subsidiary of the Company, has subscribed 1 ordinary share representing 100% shareholdings in Timbang Majujaya Sdn. Bhd. for RM1. On 2 June 2021, the Group via SDIT, a wholly owned indirect subsidiary of the Company, has subscribed 100 ordinary shares representing 100% shareholdings in DVP Sdn. Bhd. for RM100. On 22 June 2021, the Group via SDIT, a wholly owned indirect subsidiary of the Company, has subscribed 100 ordinary shares representing 100% shareholdings in Dinamik Digital Berhad for RM100.