NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 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 % % % % Marvelscape Sdn Bhd Malaysia Investment holding and 100 100 – – property development Megaxis Sdn Bhd (“MSB”) Malaysia Investment holding 100 100 – – Subsidiaries of MSB: Tropicana Coliseum (Ipoh) Malaysia Investment holding 100 100 – – Sdn Bhd Tropicana Lido Malaysia Property investment and 100 100 – – Development Sdn Bhd investment holding Tropicana Paisley Sdn Bhd Malaysia General trading, 100 100 – – (“TPSLSB”) investment holding and property investment Subsidiary of TPSLSB: Tencomurni Sdn Bhd Malaysia Timber and logging 100 100 – – Tropicana Plaza Sdn Bhd Malaysia Property investment and 100 100 – – (“TPLSB”) investment holding Subsidiary of TPLSB: Mesatria Sdn Bhd Malaysia Timber and logging 100 100 – – Tropicana Property Malaysia Investment holding 100 100 – – Services Sdn Bhd Tropicana Saujana Sdn Bhd Malaysia Investment holding 100 100 – – (“TSSB”) Subsidiary of TSSB: Alam Tiasa Sdn Bhd Malaysia Timber and logging 100 100 – – Myxon (M) Sdn Bhd Malaysia Construction 100 100 – – ANNUAL REPORT 2024 282
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