42. SIGNIFICANT EVENTS (CONT’D.) The following is a summary of material disposals of properties by the Group's subsidiaries during the financial year ended 31 December 2025, including disposals carried forward from previous financial years and disposals entered into during the financial year, in addition to the material disposals of properties disclosed in Note 27: (cont’d.) (g) On 31 July 2024, Tropicana Seri Fauna Sdn Bhd, a wholly-owned subsidiary of the Group, entered into a sale and purchase agreement with Bebas Alamjaya Sdn Bhd, for the disposal of a parcel of freehold land measuring approximately 21,320 square metres in Batang Kali, Selangor for a total consideration of RM34,423,000. The said disposal will be completed during the financial year ending 31 December 2026. (h) On 14 August 2024, Tropicana Danga Bay Sdn Bhd, a wholly-owned subsidiary of the Group, entered into a development rights agreement with PGB Desa Heights Sdn Bhd, for the disposal of 2 parcels of freehold land measuring approximately 28,842 square metres in Johor Bahru for a total consideration of RM102,458,000. The said disposal had been completed during the the financial year ended 31 December 2025 upon fulfillment of conditions precedent. (i) On 19 August 2024, Tropicana Seri Resak Sdn Bhd, a wholly-owned subsidiary of the Group, entered into a sale and purchase agreement with Gensa Sdn Bhd, for the disposal of a parcel of freehold land measuring approximately 4,047 square metres in Selangor for a total consideration of RM2,386,000. The said disposal had been completed during the financial year ended 31 December 2025 upon fulfillment of conditions precedent. (j) On 26 August 2024, TFSB entered into a sale and purchase agreement with seven indirect subsidiaries of NTT Data Group, for the disposal of a parcel of freehold land measuring approximately 278,380 square metres in Gelang Patah, Johor for a total consideration of RM384,991,000. The said disposal will be completed during the financial year ending 31 December 2026. (k) On 4 September 2024, Tropicana Aman Sdn Bhd, a wholly-owned subsidiary of the Group, entered into a sale and purchase agreement with Eco World Development Management Sdn Bhd, for the disposal of a parcel of leasehold commercial land measuring approximately 36,017 square metres in Kota Kemuning, Selangor for a total consideration of RM42,645,000. In the previous financial year, the provision of foreseeable losses for the disposal of RM37,109,000 was recognised in the profit or loss. The said disposal will be completed during the financial year ending 31 December 2026. (l) On 9 October 2024, TFSB entered into a sale and purchase agreement with Computility Technology (Malaysia) Sdn Bhd, for the disposal of a parcel of freehold land measuring approximately 155,913 square metres in Gelang Patah, Johor for a total consideration of RM239,988,000. The said disposal will be completed during the financial year ending 31 December 2026. (m) On 4 April 2025, TMSB entered into a sale and purchase agreement with Grand Golden Development Sdn Bhd, for the disposal of a parcel of freehold land measuring approximately 17,503 square metres in Selangor for a total consideration of RM64,000,000. The said disposal had been completed during the financial year ended 31 December 2025 upon fulfillment of conditions precedent. (n) On 7 May 2025, TMSB entered into a sale and purchase agreement with Armani Alliance Sdn Bhd, for the disposal of a parcel of freehold land measuring approximately 24,160 square metres in Selangor for a total consideration of RM88,400,000. The said disposal had been completed during the financial year ended 31 December 2025 upon fulfillment of conditions precedent. NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2025 AR 2025 | FINANCIAL STATEMENT & OTHER INFORMATION 376
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