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 % % % % Tropicana Aman Sdn Bhd (“TASB”) Malaysia Property development 100 100 – – Subsidiary of TASB: Sapphire Step Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Aurora Property Singapore Real estate developers – 100 – – Pte Ltd*^ Tropicana Bestari Malaysia Property investment and 100 100 – – Properties Sdn Bhd investment holding Tropicana Bestari Silver Malaysia Property investment and 100 100 – – Sdn Bhd investment holding Tropicana Building Materials Malaysia Trading of building materials 100 100 – – Sdn Bhd Tropicana Business People’s Provision of consultancy 100 100 – – Consulting (Shenzhen) Republic of services for related Pte Ltd* China services on conference and exhibitions Tropicana Central Department Malaysia Management and operation 100 100 – – Store Sdn Bhd of department store Tropicana Central Garden Malaysia Management and operation – 100 – – Mall Sdn Bhd^ of mall Tropicana Cheras Sdn Bhd Malaysia Property development 100 100 – – Tropicana Collections Malaysia Provision of MM2H 100 100 – – (MM2H) Sdn Bhd application services Tropicana Corporate Malaysia Provision of treasury 100 100 – – Solutions Sdn Bhd management, fund management, cash management, investment management, financing and debt management, financial risk management and any other related services ANNUAL REPORT 2024 284
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