notes to the financial statements 31 march 2025 (cont’d.) NAME OF SUBSIDIARIES PRINCIPAL PLACE OF BUSINESS/ COUNTRY OF INCORPORATION Percentage of Issued Share Capital held bY Parent PRINCIPAL ACTIVITIES 2025 % 2024 % Subsidiaries of MCHB Development (NS) Sdn. Bhd. N9 Matrix Development Sdn. Bhd. Malaysia 85 85 Property development Megah Sedaya Sdn. Bhd. Malaysia 85 85 Property development Subsidiaries 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 Subsidiaries of MGE Development Sdn. Bhd. Matrix Educare Sdn. Bhd. Malaysia 51 51 Provision of educaঞon services Subsidiary of Matrix Concepts (Central) Sdn. Bhd. Matrix Concepts (Cheras) Sdn. Bhd. Malaysia 100 100 Property development Subsidiary of Matrix Healthcare Sdn. Bhd. Matrix Medicare Sdn. Bhd. Malaysia 70 70 Provision of healthcare services Subsidiaries of Matrix Development (Australia) Pty Ltd Matrix 333 St Kilda (Australia) Pty Ltd * Australia 100 100 Property development Matrix Greenvale (Australia) Pty Ltd * Australia 100 100 Property development Matrix Property Management (Australia) Pty Ltd * Australia 100 100 Management of defect works and rental guarantees for completed group property development @ These subsidiaries were audited by other firm of chartered accountant * Statutory audit is not required under local regulaঞons 10. INVESTMENT IN SUBSIDIARIES (CONT’D.) The details of the subsidiaries are as follows: (cont’d.) 183 MATRIX CONCEPTS HOLDINGS BERHAD INTEGRATED ANNUAL REPORT 2025 07 FINANCIAL STATEMENTS
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