What was the total investment by PCB Development Sdn Bhd in Movie Animation Park Studios?

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Total Investment by PCB Development Sdn Bhd in Movie Animation Park Studios Reaches RM58.35 Million

Perak Corporation Berhad (PCB) has clarified that its subsidiary, PCB Development Sdn Bhd (PCBD), made a total investment of RM58.35 million in the share capital of Movie Animation Park Studios (MAPS). This investment figure pertains specifically to the equity contribution by PCBD. In addition to this share capital investment, the broader PCB Group provided shareholders' advances amounting to RM275.2 million. These advances were financed through a combination of internally generated funds and bank borrowings.
Share Capital Investment by PCBD

PCB Development Sdn Bhd's direct investment in the share capital of Movie Animation Park Studios (MAPS) totalled RM58.35 million. This represents the equity injection made by the subsidiary into the theme park venture.
Shareholders' Advances from PCB Group

Beyond the share capital, the PCB Group extended significant financial support in the form of shareholders' advances. The total amount of these advances reached RM275.2 million, demonstrating a substantial financial commitment from the parent group to the MAPS project.
Funding Sources for Advances

The RM275.2 million in shareholders' advances was funded through two primary avenues: internally generated funds within the PCB Group and external bank borrowings. This indicates a mixed approach to financing the project's ongoing needs.

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What was the total investment by PCB Development Sdn Bhd in Movie Animation Park Studios?

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