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As disclosed in Note 8(iv) to the financial statements, included in inventories of the Group are amounts of RM1,100,210,470 paid in respect of joint venture and turnkey contracts entered into with the joint venture parties or landowners for property development work. During the financial period, additional amounts of RM97,500,000 were paid to the landowner. These amounts pertain to joint venture and turnkey contracts entered into with joint venture parties or
During the financial period, the Group was subject to queries and investigations by regulatory authorities regarding these joint venture and turnkey contracts entered by the Group.
