Dorae Berhad acquired 60% interest in the issued share capital of Nobi Berhad on 31 December 2020. The consideration was RM10 millions of which RM2 millions were in cash and the balance by an issue of 2 million Dorae Berhad ordinary shares valued at RM4 millions. At the acquisition date, the retained profits of Nobi Berhad were RM4 millions. Apart from recording the cash paid, Dorae Berhad has not recorded the issuance of shares to reflect the acquisition.