Serba Dinamik Annual Report 2021

Registration No: 201501042584 (1167905-P) Serba Dinamik Holdings Berhad (Incorporated in Malaysia) 136 38. Acquisition of subsidiaries and non-controlling interests (continued) (b) Incorporation of subsidiaries 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 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. The incorporation of the above subsidiaries, at their respective dates of incorporation, has no material impact on the results of the Group for the current financial period. (c) Disposal of a subsidiary 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.