Tropicana Corporation Berhad Annual Report 2023

$+" ASSETS#CLASSIFIED#AS#HELD#FOR#SALE#(CONT’D") The!details!of!the!assets!classified!as!held!for!sale!are!as!follows)!(cont’d') (b) Transfer!from!investment!properties!(cont’d*) (iv) On!"/!July!"#"+&!TPSB&!a!wholly-owned!subsidiary!of!the!Group&!entered!into!a!sale!and!purchase!agreement!with!GPLPSB&! for!the!disposal!of!a!parcel!of!leasehold!land!approximately!$&,#-!square!metres!together!with!a!1-storey!building!with!gross! floor!area!approximately!$&/-"!square!metres!in!Sabah!for!a!total!consideration!of!RM0&/##&###'!The!said!disposal!will!be! completed!in!financial!year!ending!+$!December!"#"1' (c) Reclassification!from!investment!in!an!associate On!"-!December!"#"#&!Supreme!Converge!Sdn!Bhd&!a!wholly-owned!subsidiary!of!the!Group&!entered!into!a!Share!Sale!Agreement! with!Agile!Real!Estate!Development!(M)!Sdn!Bhd!to!dispose!of!its!entire!+#3!equity!interest!in!Agile!Tropicana!Development!Sdn!Bhd! for!total!consideration!amount!of!RM""-&+"0&/",!that!consist!of!cash!consideration!of!RM+##&###&!a!debt!waiver!from!purchaser! totaling!RM+%&1/#&###!and!residential!units!valued!at!RM$-"&/00&/"0'!The!said!disposal!will!be!completed!upon!the!successful! delivery!of!vacant!possession!of!residential!units!which!is!expected!to!be!taken!place!in!financial!year!ending!+$!December!"#"1' $," SHARE#CAPITAL#AND#TREASURY#SHARES Number!of!ordinary !Amount! shares Share!capital (Issued)! Share!capital Treasury!shares +"+$ +"++ +"+$ +"++ +"+$ +"++ ’""" ’""" RM’""" RM’""" RM’""" RM’""" Group!and!Company At!#!January !#%,,.%.&"! !$&10"&1"/! !+%&((%.,"! !"&#1%&$%,! !(+.%))") !("%&$#+) Issuance!of!ordinary!shares ! !!-!pursuant!to!capitalisation!of!advances !#$(%&(.! –! !#."%"""! –! – –! !!-!pursuant!to!conversion!of!ICPS!(Note!+#) !#&#%)""! !/"%&1+/! !#,$%&."! !%+$&0""! – – Purchase!of!treasury!shares !–! –! !–! – !–! !("&++0) At!$#!December !+%+,(%,$.! !$&--,&,%#! !$%"'#%'("! !"&%00&,-#! !(+.%))") !(",&11#) (a) Share!capital During!the!financial!year&!the!Company!increased!its!issued!ordinary!share!capital!from!RM"&%00&,-#&###!to!RM+&#/$&/0#&###!by! way!of) (i) i ssuance!of! $+0&%00&,++!new!ordinary!shares!at!an!issue!price!of!RM$'+#01!each!pursuant!to!the!capitalisation!of!the! advances!amounting!to!RM$,#&###&###!owing!to!Tan!Sri!Dato’!Tan!Chee!Sing' (ii) i ssuance!of!$%$&1##&###!new!ordinary!shares!at!an!issue!price!of!RM$'"#!each!pursuant!to!the!conversion!of!$%$&1##&###! 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' 261 FINANCIAL STATEMENTS & OTHER INFORMATION

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