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60

NANYANG PRESS HOLDINGS BERHAD

2005

2004

2005

2004

RM’000

RM’000

RM’000

RM’000

11,253

10,206

12,206

10,206

207

-

-

-

Company

Unquoted shares: At cost Share of post acquisition reserve

Group

6.

ASSOCIATED COMPANIES

11,460

10,206

12,206

10,206

( 10,206 )

( 10,206 )

( 10,206 )

( 10,206 )

Provision for diminution in value

2005 %

2004 %

Principal activities

18.38

18.38

In voluntary liquidation

1,254

-

The Group’s interest in the associated companies is analysed as follows:

Name of

Country of

company

incorporation

2005

2004

RM’000

RM’000

2,000

1,254

Share of net assets

Details of the associated companies are:

Effective interest

Channel K TV Pte. Ltd.

Singapore

-

-

Redhot Media Sdn. Bhd.

Malaysia

40

  • -

    Provision of internet related and electronic commerce services and advertising broker

At an Extraordinary General Meeting held on 23 May 1997, the shareholders of Channel K TV Pte. Ltd. approved the voluntary winding up of the company. Full provision for the cost of the Group’s and Company’s investment of RM10,206,000 in the unquoted shares of Channel K TV Pte. Ltd. has been made in the financial statements.

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