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 TDLSB: Tropicana Lagoon Sdn Bhd Malaysia Property development 100 100 - - Tropicana Danga Senibong Holding Sdn Bhd (“TDSHSB”) Malaysia Investment holding 100 100 - - Subsidiaries of TDSHSB: Sehati Rakyat Sdn Bhd^ Malaysia Real estate activities, property development and investment, land acquisition, construction, trading, consultancy and advisory - 100 - - Sejahtera Rakyat Sdn Bhd^ Malaysia Real estate activities, property development and investment, land acquisition, construction, trading, consultancy and advisory - 100 - - Sejati Rakyat Sdn Bhd^ Malaysia Real estate activities, property development and investment, land acquisition, construction, trading, consultancy and advisory - 100 - - Selesa Rakyat Sdn Bhd Malaysia Real estate activities, property development and investment, land acquisition, construction, trading, consultancy and advisory 100 100 - - 305
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