Tropicana Corporation Berhad Annual Report 2019

18. INVESTMENTS IN SUBSIDIARIES (CONT’D.) (a) Group restructuring (cont’d.) During the financial year, the Group and the Company executed and completed an internal Group restructuring scheme involving the following: (cont’d.) (xxii) On 24 January 2019, the Company had entered into twelve (12) conditional share purchase agreements with Tan Sri Dato’ Tan Chee Sing (“ TSDT ”) and/or persons connected to him to acquire the following entities (“ Acquiree Companies ”). Upon the acquisition being duly completed on 29 November 2019, the Acquiree Companies became subsidiaries of the Group. Effective Purchase interest consideration No Name of Company (%) RM’million 1 GP Views Development Sdn Bhd 100 19.6 2 Tropicana Scenic Development Sdn Bhd 100 1.0 3 Tropicana Firstwide Sdn Bhd (fka Firstwide Plus Sdn Bhd) 100 43.2 4 Tropicana Rhythm Crest Sdn Bhd (fka Rhythm Crest Sdn Bhd) 100 2.8 5 Tropicana Lingkaran Utama Sdn Bhd (fka Lingkaran Utama Sdn Bhd) and its wholly-owned subsidiary, Tropicana Southern Gallery Sdn Bhd (fka Southern Gallery Sdn Bhd) 100 1.0 6 Tropicana Danga Lagoon Development Sdn Bhd (fka Danga Lagoon Development Sdn Bhd) and its wholly-owned subsidiaries, Tropicana Danga Lagoon Land Sdn Bhd (fka Danga Lagoon Land Sdn Bhd) and Tropicana Danga Lapanbelas Sdn Bhd (fka Danga Lapanbelas Sdn Bhd) 100 6.7 7 Tropicana Danga Lagoon Garden Sdn Bhd (fka Danga Lagoon Garden Sdn Bhd) 100 0.3 8 Tropicana Acehub Sdn Bhd (fka Acehub Fortune Sdn Bhd) and its 65% owned subsidiary, Lido Waterfront Boulevard Sdn Bhd 100 97.6 9 Tropicana Kiara Lestari Development Sdn Bhd (fka T Kiara Lestari Development Sdn Bhd) 100 25.0 10 Tropicana Kiara Lestari Land Sdn Bhd (fka T Kiara Lestari Land Sdn Bhd) 100 20.0 11 Suasana Metro Sdn Bhd 70 0.2 Total purchase consideration 217.4 For the financial year ended 31 December 2019 Notes to the Financial Statements Tropicana Corporation Berhad Annual Report 2019 pg 192 About Tropicana Our Strategic Performance Our Leadership