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 Credit & Leasing Malaysia Money lending and credit 100 100 – – Sdn Bhd financing services Tropicana Danga Bay Land Malaysia Investment holding 100 100 – – Sdn Bhd (“TDBLSB”) Subsidiaries of TDBLSB: Desiran Realiti Sdn Bhd Malaysia Investment holding and 100 100 – – share trading Tropicana Danga Bay Sdn Bhd Malaysia Property development, 60 60 40 40 (“TDBSB”) investment holding and property investment Tropicana Danga Cove Malaysia Investment holding 100 100 – – Holding Sdn Bhd Tropicana Danga Lagoon Malaysia Property investment, 100 100 – – Development Sdn Bhd development activities (“TDLDSB”) and investment holding Subsidiaries of TDLDSB: Tropicana Danga Lagoon Malaysia Property investment and 100 100 – – Land Sdn Bhd development activities Tropicana Danga Malaysia Property investment and 100 100 – – Lapanbelas Sdn Bhd development activities Tropicana Danga Lagoon Malaysia Property investment and 100 100 – – Garden Sdn Bhd development activities Tropicana Danga Lagoon Malaysia Property development and 100 100 – – Sdn Bhd (“TDLSB”) investment holding Subsidiary of TDLSB: Tropicana Lagoon Sdn Bhd Malaysia Property development 100 100 – – Tropicana Danga Senibong Malaysia Investment holding 100 100 – – Holding Sdn Bhd (“TDSHSB”) FINANCIAL STATEMENTS & OTHER INFORMATION 285
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