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 (Cont’d):- 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 (Cont’d) MCHB Development (KV) Sdn. Bhd. Malaysia 100 100 Dormant Megah Sedaya Sdn. Bhd. Malaysia – 100 Dormant Matrix Sino Development Sdn. Bhd. Malaysia 100 100 Dormant Matrix Development (Australia) Pty Ltd @ Australia 100 100 Investment holding PT Matrix Perkasa Indonesia @ Indonesia 100 100 Property development Subsidiaries of Matrix Excelbuilder Sdn. Bhd. Matrix Excelcon Sdn. Bhd. Malaysia 100 100 General contractors Matrix Exceltrading Sdn. Bhd. Malaysia 100 100 Dormant Subsidiaries of MCHB Development (NS) Sdn. Bhd. N9 Matrix Development Sdn. Bhd. Malaysia 85 85 Property development Megah Sedaya Sdn. Bhd. Malaysia 100 – Dormant Subsidiary of Masuda Corporation Sdn. Bhd. Matrix Project Management Sdn. Bhd. Malaysia 100 100 Dormant Subsidiaries of Matrix Concepts Sdn. Bhd. Matrix Country Club Sdn. Bhd. Malaysia 100 100 Clubhouse operator Matrix Hotels Management Sdn. Bhd. Malaysia 100 100 Hotel management and hospitality services Subsidiary of MGE Development Sdn. Bhd. Matrix Educare Sdn. Bhd. Malaysia 51 51 Provision of education services FINANCIAL STATEMENTS MATRIX CONCEPTS HOLDINGS BERHAD 166
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