DIRECTORS’ REPORT The!directors!hereby!present!their!report!together!with!the!audited!financial!statements!of!the!Group!and!of!the!Company!for!the!financial! year!ended!+$!December!"#"+' PRINCIPAL!ACTIVITIES The!principal!activities!of!the!Company!are!investment!holding!and!provision!of!management!services' The! principal! activities! of! the! subsidiaries&! associate! and! joint! ventures! are! disclosed! in! Notes!$,&!$-! and!"#! to! the! financial! statements! respectively' There!have!been!no!significant!changes!in!the!nature!of!these!principal!activities!during!the!financial!year' RESULTS Group Company RM’""" RM’""" (Loss).profit!net!of!tax!for!the!financial!year !($++&$%+) !/0&1++! (Loss).profit!attributable!to) Owners!of!the!parent !($01&$,,) !$"&,",! Holders!of!perpetual!bond !11&%#/! !11&%#/! Non-controlling!interests !(+&/,#) – !(#$$%#&$) !'(%)$$! There!were!no!material!transfers!to!or!from!reserves!or!provisions!during!the!financial!year!other!than!those!disclosed!in!the!financial!statements' ISSUE!OF!SHARES!AND!DEBENTURES During! the! financial! year&! the! Company! increased! its! issued! ordinary! share! capital! from! RM"&%00&,-#&###! to! RM+&#/$&/0#&###! by! way! of) (a) issuance!of!$+0&%00&,++!new!ordinary!shares!at!an!issue!price!of!RM$'+#01!each!pursuant!to!the!capitalisation!of!the!advances!amounting! to!RM$,#&###&###!owing!to!Tan!Sri!Dato’!Tan!Chee!Sing' (b) issuance!of!$%$&1##&###!new!ordinary!shares!at!an!issue!price!of!RM$'"#!each!pursuant!to!the!conversion!of!$%$&1##&###!irredeemable! convertible!preference!shares!(“ICPS”)!by!the!conversion!ratio!of!$!unit!ICPS!to!$!new!ordinary!share' The!new!ordinary!shares!issued!during!the!financial!year!ranked!pari!passu!in!all!respects!with!the!existing!ordinary!shares!of!the!Company'! There!were!no!other!issue!of!shares!and!debentures!of!the!Company!during!the!financial!year' 171 FINANCIAL STATEMENTS & OTHER INFORMATION
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