notes to the financial statements 31 march 2025 (cont’d.) 10. INVESTMENT IN SUBSIDIARIES (CONT’D.) The details of the subsidiaries are as follows: NAME OF SUBSIDIARIES PRINCIPAL PLACE OF BUSINESS/ COUNTRY OF INCORPORATION Percentage of Issued Share Capital held bY Parent PRINCIPAL ACTIVITIES 2025 % 2024 % 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 Corporaঞon 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 Properঞes Sdn. Bhd. Malaysia 100 100 Property development 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 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 182 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 07 FINANCIAL STATEMENTS
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