18. INVESTMENTS IN SUBSIDIARIES (CONT’D.) Details of the subsidiaries are as follows: (cont’d.) Effective Effective interest interest held by Country of held by the non-controlling Name of subsidiaries incorporation Principal activities Group# interests# 2024 2023 2024 2023 % % % % Subsidiaries of TCSB: (cont’d.) Tropicana Parking Sdn Bhd Malaysia Management of car 100 100 – – parking facilities Tropicana Indah Realty Malaysia Investment holding 100 100 – – Sdn Bhd (“TIRSB”) Subsidiary of TIRSB: Tropicana Indah Malaysia Property development, property 70 70 30 30 Sdn Bhd (“TISB”) investment, distribution and sales of electricity Bestari Golden Sdn Bhd Malaysia Property investment and 100 100 – – investment holding Bestari Violet Sdn Bhd Malaysia Property investment and 100 100 – – investment holding Bestari Zamrud Sdn Bhd Malaysia Property investment and 100 100 – – investment holding BK Utilities Sdn Bhd Malaysia Water treatment and water supply 100 100 – – Blackforest Realty Sdn Bhd^ Malaysia Property development and – 100 – – property investment Daya Petaling Sdn Bhd Malaysia Property investment 100 100 – – Greenforest Realty Sdn Bhd Malaysia Property development and 100 100 – – property investment Greenhouse Farm and Malaysia Agriculture, fishery and 100 100 – – Fishery Sdn Bhd trading Lido Waterfront Land Sdn Malaysia To carry on the business 100 100 – – Bhd (fka Tropicana manufacturing, distribution, Gloves Sdn Bhd) wholesaling and trading of all types of gloves FINANCIAL STATEMENTS & OTHER INFORMATION 281
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