18. INVESTMENTS IN SUBSIDIARIES (CONT’D.) Details of the subsidiaries are as follows: (cont’d.) Name of subsidiaries Country of incorporation Principal activities Effective interest held by the Group# Effective interest held by non-controlling interests# 2025 % 2024 % 2025 % 2024 % Subsidiary of TASB: Sapphire Step Sdn Bhd Malaysia Property development and property investment 100 100 - - Tropicana Bestari Properties Sdn Bhd^ Malaysia Property investment and investment holding - 100 - - Tropicana Bestari Silver Sdn Bhd Malaysia Property investment and investment holding 100 100 - - Tropicana Building Materials Sdn Bhd Malaysia Trading of building materials 100 100 - - Tropicana Central Department Store Sdn Bhd^ Malaysia Management and operation of department store - 100 - - Tropicana Cheras Sdn Bhd Malaysia Property development 100 100 - - Tropicana Collections (MM2H) Sdn Bhd Malaysia Provision of MM2H application services 100 100 - - Tropicana Corporate Solutions Sdn Bhd Malaysia Provision of treasury management, fund management, cash management, investment management, financing and debt management, financial risk management and any other related services 100 100 - - Tropicana Credit & Leasing Sdn Bhd Malaysia Money lending and credit financing services 100 100 - - Tropicana Danga Bay Land Sdn Bhd (“TDBLSB”) Malaysia Investment holding 100 100 - - 303
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