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 Makmur Irama Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Makmur Peluang Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Marketplace Malaysia Provision of sales and 100 100 – – Sdn Bhd (“TMPSB”) marketing activities Subsidiary of TMPSB: Marketplace (Hong Kong) Hong Kong Provisional sales and 100 100 – – Limited* marketing activities and consultancy services Tropicana Mentari Development Malaysia Investment holding 100 100 – – Sdn Bhd (“TMDSB”) Subsidiaries of TMDSB: Tropicana Sierra Sdn Bhd Malaysia Property development 100 100 – – Urban Discovery Sdn Bhd Malaysia Investment holding and 100 100 – – property investment Tropicana Metro Sdn Bhd Malaysia Property investment 100 100 – – Tropicana Metropark Malaysia Property development 100 100 – – Sdn Bhd (“TMSB”) Subsidiary of TMSB: Tropicana Gems Education Sdn Bhd Malaysia Property investment 100 100 – – Tropicana New Energy Malaysia Installation of non-electric 100 100 – – Technology Sdn Bhd solar energy collectors (fka Tropicana Bestari Development Sdn Bhd) ANNUAL REPORT 2024 290
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