NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 5. INVESTMENT IN SUBSIDIARIES (CONT’D) The details of the subsidiaries are as follows (Cont’d):- Name of Subsidiaries Principal Place of Business/Country of Incorporation Percentage of Issued Share Capital Held by Parent Principal Activities 2023 2022 % % Subsidiaries of the Company Masuda Corporation Sdn. Bhd. Malaysia 100 100 Property development and investment holding Matrix Concepts Sdn. Bhd. Malaysia 100 100 Property development and investment holding Matrix Concepts (Southern) Sdn. Bhd. Malaysia 100 100 Property development MCHB Natro’ Green Sdn. Bhd. Malaysia 100 100 Dormant BSS Development Sdn. Bhd. Malaysia 100 100 Property development Matrix Properties Sdn. Bhd. Malaysia 100 100 Property investment and investment holding Matrix Concepts (Damansara) Sdn. Bhd. Malaysia 100 100 Property development Matrix IBS Sdn. Bhd. Malaysia 100 100 Property development Matrix Realty Management Sdn. Bhd. Malaysia 100 100 Property management services Matrix Healthcare Sdn. Bhd. Malaysia 100 100 Provision of healthcare services and investment holding MCHB Development (NS) Sdn. Bhd. Malaysia 100 100 Investment holding MCHB Development (Southern) Sdn. Bhd. Malaysia 100 100 Dormant MCHB Development (KV) Sdn. Bhd. Malaysia 100 100 Dormant Megah Sedaya Sdn. Bhd. Malaysia 100 - Dormant Matrix Sino Development Sdn. Bhd. Malaysia 100 - Dormant Matrix Development (Australia) Pty Ltd @ Australia 100 100 Investment holding PT Matrix Perkasa Indonesia @ Indonesia 100 100 Property development INTEGRATED ANNUAL REPORT 2023 MATRIX CONCEPTS HOLDINGS BERHAD 174 FINANCIAL STATEMENTS
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