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 Land (Sandakan) Malaysia Property investment 100 100 – – Sdn Bhd Tropicana Land Sdn Bhd Malaysia Property development 100 100 – – Tropicana Landmark Sdn Bhd Malaysia Property development 100 100 – – Tropicana Landmark Malaysia Provision of education 100 100 – – Education Sdn Bhd services, property investment and investment holding Tropicana Laris Sdn Bhd Malaysia Investment holding 99 99 1 1 Tropicana Lingkaran Utama Malaysia Property investment, 100 100 – – Sdn Bhd (“TLUSB”) development activities and investment holding Subsidiary of TLUSB: Tropicana Southern Gallery Malaysia Property investment and 100 100 – – Sdn Bhd development activities Tropicana Macalister Avenue Malaysia Hotel operations, property 100 100 – – (Penang) Sdn Bhd development and property investment Tropicana Makmur Arif Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Makmur Cahaya Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Makmur Duta Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Makmur Erat Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Makmur Gagah Malaysia Property development and 100 100 – – Sdn Bhd property investment FINANCIAL STATEMENTS & OTHER INFORMATION 289
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