Tropicana Corporation Berhad Annual Report 2020

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 # 2020 2019 2020 2019 % % % % Megaxis Sdn Bhd Malaysia Investment holding 100 100 – – Myxon (M) Sdn Bhd Malaysia Construction 100 100 – – Pixelcloud Sdn Bhd Malaysia Investment holding 100 100 – – Purple Pumkie Organic Farm Sdn Bhd Malaysia Organic farming 100 – – – Spring Garden Star Sdn Bhd Malaysia Investment holding, property investment 100 100 – – (fka Mighty Valley Sdn Bhd) and trading Suasana Metro Sdn Bhd Malaysia Property investment and 70 70 30 30 development activities Suci Padu Resources Sdn Bhd Malaysia Property development 100 100 – – Supreme Converge Sdn Bhd Malaysia Investment holding 100 100 – – Tropicana Acehub Sdn Bhd (" TAHSB ") Malaysia Investment holding 100 100 – – Subsidiary of TAHSB: Lido Waterfront Boulevard Sdn Bhd Malaysia Property investment and 65 65 35 35 development activities Tropicana Aman Sdn Bhd (" TASB ") Malaysia Property development 100 100 – – Subsidiary of TASB: Sapphire Step Sdn Bhd Malaysia Property development 100 100 – – and property investment Tropicana Building Materials Sdn Bhd Malaysia Trading of building materials 100 100 – – Tropicana Business Consulting People's Provision of consultancy services 100 100 – – (Shenzhen) Pte. Ltd. * Republic for related services on conferences of China and exhibitions Tropicana Central Department Store Malaysia Management and operation of 100 100 – – Sdn Bhd department store 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 # 2020 2019 2020 2019 % % % % Tropicana Central Garden Mall Sdn Bhd Malaysia Management and operation of mall 100 100 – – Tropicana Cheras Sdn Bhd Malaysia Property development 100 100 – – Tropicana Coliseum (Ipoh) Sdn Bhd Malaysia Property investment 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, 100 100 – – fund management, cash management, investment management, financing and debt management, financial risk management and any other related services Tropicana Credit & Leasing Sdn Bhd Malaysia Money lending and credit financing services 100 100 – – Tropicana Danga Bay Land Sdn Bhd Malaysia Investment holding 100 100 – – (" TDBLSB ") Subsidiaries of TDBLSB: Desiran Realiti Sdn Bhd Malaysia Investment holding and share trading 100 100 – – Tropicana Danga Bay Sdn Bhd Malaysia Property development, investment holding 60 60 40 40 and property investment Tropicana Danga Cove Holding Sdn Bhd Malaysia Investment holding 100 100 – – Tropicana Danga Lagoon Development Malaysia Property investment, development 100 100 – – Sdn Bhd (" TDLDSB ") activities and investment holding Subsidiaries of TDLDSB: Tropicana Danga Lagoon Malaysia Property investment and 100 100 – – Land Sdn Bhd development activities Tropicana Danga Malaysia Property investment and 100 100 – – Lapanbelas Sdn Bhd development activities NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2020 ANNUAL REPORT 2020 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 224 225