Tropicana Corporation Berhad Annual Report 2019
18. INVESTMENTS IN SUBSIDIARIES (CONT’D.) Details of the subsidiaries are as follows: Effective Effective interest interest held by Country of held by the NCI Name of subsidiaries incorporation Principal activities Group # interests # 2019 2018 2019 2018 % % % % Advent Nexus Sdn Bhd Malaysia Providing hotel management services 100 100 – – Arah Pelangi Sdn Bhd Malaysia Property development 100 100 – – Bakat Rampai Sdn Bhd (“ BRSB ”) Malaysia Investment holding 100 100 – – Subsidiaries of BRSB: Dicorp Land Sdn Bhd Malaysia Property development 100 100 – – Tropicana City Sdn Bhd (“ TCSB ”) Malaysia Property development and property investment 100 100 – – Subsidiaries of TCSB: Dicasa Management Services Malaysia Property management and maintenance services 100 100 – – Sdn Bhd Tropicana City Management Malaysia Property management services 100 100 – – Sdn Bhd Tropicana Kajang Hill Sdn Bhd Malaysia Property development 100 100 – – Tropicana Parking Sdn Bhd Malaysia Management of car parking facilities 100 100 – – Tropicana Indah Realty Sdn Bhd Malaysia Investment holding 100 100 – – (“ TIRSB ”) Subsidiary of TIRSB: Tropicana Indah Sdn Bhd (“ TISB ”) Malaysia Property development 70 70 30 30 BK Utilities Sdn Bhd Malaysia Water treatment and water supply 100 – – – Capricorn Realty Sdn Bhd Malaysia Property development 100 – – – Comets Realty Sdn Bhd Malaysia Property development 100 – – – Daya Petaling Sdn Bhd Malaysia Property investment 100 100 – – GP Views Development Sdn Bhd Malaysia Property investment and development activities 100 – – – Kuasa Cekapmas Sdn Bhd Malaysia Property development and property investment 100 100 – – For the financial year ended 31 December 2019 Notes to the Financial Statements Tropicana Corporation Berhad Annual Report 2019 pg 178 About Tropicana Our Strategic Performance Our Leadership
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