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 % % % % Subsidiaries of TDSHSB: Sehati Rakyat Sdn Bhd Malaysia Real estate activities, 100 100 – – property development and investment, land acquisition, construction, trading, consultancy and advisory Sejahtera Rakyat Sdn Bhd Malaysia Real estate activities, 100 100 – – property development and investment, land acquisition, construction, trading, consultancy and advisory Sejati Rakyat Sdn Bhd Malaysia Real estate activities, 100 100 – – property development and investment, land acquisition, construction, trading, consultancy and advisory Selesa Rakyat Sdn Bhd Malaysia Real estate activities, 100 100 – – property development and investment, land acquisition, construction, trading, consultancy and advisory Sempurna Rakyat Sdn Bhd^ Malaysia Real estate activities, – 100 – – property development and investment, land acquisition, construction, trading, consultancy and advisory Tropicana Development Malaysia Property development 100 100 – – (Johor Bahru) Sdn Bhd Tropicana Development Malaysia Property agent and 100 100 – – (Penang) Sdn Bhd investment holding ANNUAL REPORT 2024 286
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