('" SIGNIFICANT#EVENTS#(CONT’D") The!following!is!a!summary!of!material!disposals!of!properties!by!the!Group’s!subsidiaries!during!the!financial!year!ended!+$!December! "#"+)!(cont’d') (c)! On!+#!December!"#""&!Tropicana!Aman!Sdn!Bhd!entered!into!a!sale!and!purchase!agreement!with!Ancubic!Valley!Sdn!Bhd&!for! disposal!of!a!parcel!of!leasehold!land!with!category!of!land!use!“bangunan”!measuring!approximately!$+1&1##!square!metres!in! Selangor!for!a!total!consideration!of!RM$+1&/1#&###'!In!the!previous!financial!year&!the!provision!of!foreseeable!losses!for!the! disposal!of!RM$%$&/-1&###!was!recognised!in!the!profit!or!loss'!The!said!disposal!has!been!completed!in!the!financial!year!ended! +$!December!"#"+!upon!fulfilment!of!conditions!precedent!in!",!June!"#"+' (d) On!+!February!"#"+&!Tropicana!GP!Views!Sdn!Bhd&!a!wholly-owned!subsidiary!of!the!Group&!entered!into!a!sale!and!purchase! agreement!with!KSL!Medini!Development!Sdn!Bhd&!for!the!disposal!of!part!of!$$$!parcels!of!freehold!land!measuring!approximately! 1+&-#,!square!metres!in!Johor!for!a!total!consideration!of!RM"$&"%,&###'!The!said!disposal!will!be!completed!in!financial!year! ending!+$!December!"#"1' (e) On!"!May!"#"+&!Tropicana!Makmur!Arif!Sdn!Bhd&!a!wholly-owned!subsidiary!of!the!Group&!entered!into!a!sale!and!purchase! agreement!with!LSL!Land!Sdn!Bhd&!for!the!disposal!of!a!parcel!of!freehold!land!measuring!approximately!$,&,1#!square!metres!in! Pahang!for!a!total!consideration!of!RM+#&+//&",1'!Accordingly&!gain!on!disposal!of!RM$$&"$/&1#%!was!recognised!in!the!profit!or! loss!upon!the!fulfillment!of!conditions!precedent!on!"0!September!"#"+' (f) On!+#!June!"#"+&!Tropicana!Kajang!Hill!Sdn!Bhd&!a!wholly-owned!subsidiary!of!the!Group&!entered!into!a!sale!and!purchase! agreement!with!Eco!Terraces!Sdn!Bhd&!for!the!disposal!of!a!parcel!of!freehold!land!measuring!approximately!",&#$#!square!metres! in!Selangor!for!a!total!consideration!of!RM1#&0#"&#-/'!Accordingly&!loss!on!disposal!of!RM,"&$-$&0--!was!recognised!in!the!profit! or!loss!upon!the!fulfillment!of!conditions!precedent!on!"+!August!"#"+' (g) On!$$!July!"#"+&!Tropicana!Properties!(Sabah)!Sdn!Bhd!(“TPSB”)&!a!wholly-owned!subsidiary!of!the!Group&!entered!into!a!sale! and!purchase!agreement!with!GPL!Properties!Sdn!Bhd!(“GPLPSB”)&!for!the!disposal!of!+!parcels!of!leasehold!land!approximately! "&#"+!square!metres!together!with!a!1-storey!building!with!gross!floor!area!approximately!"&/+/!square!metres!in!Sabah!for!a!total! consideration!of!RM-&###&###'!The!said!disposal!will!be!completed!in!financial!year!ending!+$!December!"#"1' (h) On!$$!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!in!Sabah!for!a!total!consideration!of!RM+&###&###'! The!said!disposal!will!be!completed!in!financial!year!ending!+$!December!"#"1' (i) 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!+-storey!building!with!gross!floor!area! approximately!+&011!square!metres!in!Sabah!for!a!total!consideration!of!RM%&0##&###'!The!said!disposal!will!be!completed!in! financial!year!ending!+$!December!"#"1' (j) On!"/!July!"#"+&!TPSB&!a!wholly-owned!subsidiary!of!the!Group&!entered!into!a!sale!and!purchase!agreement!with!GPLPSB&!for! the!disposal!of!a!parcel!of!leasehold!land!approximately!$&,#-!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' (k) On!$,!September!"#"+&!Urban!Discovery!Sdn!Bhd&!a!wholly-owned!subsidiary!of!the!Group&!entered!into!a!sale!and!purchase! agreement! with! Majlis! Perbandaran! Bentong&! for! the! disposal! of! a! parcel! of! freehold! land! approximately!$%+! square! metres! together!with!a!three!storey!building!with!gross!floor!area!approximately!1""!square!metres!in!Pahang!for!a!total!consideration!of! RM+&/##&###'!Accordingly&!gain!on!disposal!of!RM--#&",0!was!recognised!in!the!profit!or!loss!upon!the!fulfillment!of!conditions! precedent!on!+$!October!"#"+' NOTES TO THE FINANCIAL STATEMENTS FOR!THE!FINANCIAL!YEAR!ENDED!'$!DECEMBER!"%"' 298 ANNUAL REPORT 2023
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