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 Privilege (M) Sdn Bhd Malaysia Loyalty programme 100 100 – – Tropicana Properties (Klang) Malaysia Property investment 100 100 – – Sdn Bhd Tropicana Properties (Sabah) Malaysia Property investment 100 100 – – Sdn Bhd Tropicana Properties (Sandakan) Malaysia Property investment 100 100 – – Sdn Bhd Tropicana Property Management Malaysia Property management 100 100 – – Sdn Bhd services Tropicana Rahang Malaysia Investment holding 100 100 – – Development Sdn Bhd Tropicana Residences Sdn Bhd Malaysia Hotel operations, property 100 100 – – development and property investment Tropicana Resort Holding Malaysia Investment holding 100 100 – – Sdn Bhd (“TRHSB”) Subsidiary of TRHSB: Tropicana Danga Bay Malaysia Property development and 60 60 40 40 Resort Sdn Bhd property investment Tropicana Rhythm Crest Malaysia Property investment and 100 100 – – Sdn Bhd development activities Tropicana Sadong Jaya Malaysia Property investment 100 100 – – Development Sdn Bhd Tropicana Sanctuary Malaysia Property investment and 70 70 30 30 Development Sdn Bhd development activities (“TSDSB”) Tropicana Scenic Malaysia Property investment and 100 100 – – Development Sdn Bhd development activities FINANCIAL STATEMENTS & OTHER INFORMATION 291
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