Registration No. 200301030845 (633265-K) - 83 - 6. Investment in Subsidiaries (Cont’d) (b) Acquisition of subsidiaries During the financial year (i) On 16 June 2026, Destini Energy Sdn. Bhd., a wholly-owned subsidiary of the Company acquired 60,000 ordinary shares, representing 100% equity interest in Innopower Energy Sdn. Bhd. for a purchase consideration of RM1 to be satisfied entirely via cash. The acquisition enables the Group to expand its engineering services capabilities in the oil and gas industry, including oil and gas extraction support and contractbased engineering services. Fair value of consideration transferred: 2026 RM (a) Cash consideration 1 Total fair value of consideration transferred 1 (ii) Fair value of the identifiable assets acquired and liabilities recognised. 2026 RM Assets Cash and bank balances 60,000 Total assets 60,000 Liabilities Trade and other payables (3,010) Total liabilities (3,010) Total identifiable net asset acquired 56,990 Bargain purchase gain (56,989) Fair value of consideration transferred 1 NOTES TO THE FINANCIAL STATEMENTS DESTINI BERHAD 196 ANNUAL REPORT 2026
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