NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2024 (CONT’D) 5. INVESTMENT IN SUBSIDIARIES (CONT’D) The details of the subsidiaries are as follows:- PRINCIPAL PERCENTAGE PLACE OF OF ISSUED BUSINESS/ SHARE CAPITAL COUNTRY OF HELD BY PARENT NAME OF SUBSIDIARIES INCORPORATION 2024 2023 PRINCIPAL ACTIVITIES % % Subsidiaries of the Company Matrix Excelbuilder Sdn. Bhd. Malaysia 100 100 Investment holding Matrix Concepts (Central) Sdn. Bhd. Malaysia 100 100 Property development and investment holding Matrix Concepts (NS) Sdn. Bhd. Malaysia 100 100 Property development MGE Development Sdn. Bhd. Malaysia 100 100 Property development and investment holding 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 FINANCIAL STATEMENTS 165 INTEGRATED ANNUAL REPORT 2024
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