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 % % % % Tropicana Seri Nipah Sdn Bhd Malaysia Property development and 100 100 – – (fka Tropicana Kia Peng Sdn Bhd) property investment Tropicana Seri Orkid Sdn Bhd Malaysia Property development and 100 100 – – (fka Tropicana KL Development property investment Sdn Bhd) Tropicana Seri Peluang Sdn Bhd Malaysia Property development and 100 100 – – (fka Twinkle Realty Sdn Bhd) property investment Tropicana Seri Resak Sdn Bhd Malaysia Property development and 100 100 – – (fka Tropicana Lintas Development property investment Sdn Bhd) Tropicana Seri Riang Sdn Bhd Malaysia Property development and 100 100 – – (fka Tropicana Mengalum Holdings property investment Sdn Bhd) Tropicana Seri Segak Sdn Bhd Malaysia Property development and 100 100 – – (fka Kuasa Cekapmas Sdn Bhd) property investment Tropicana Seri Sena Sdn Bhd Malaysia Property development and 100 100 – – (fka Tropicana Properties property investment (Puchong) Sdn Bhd) Tropicana Seri Tabah Sdn Bhd Malaysia Property development and 100 100 – – (fka Waves Realty Sdn Bhd) property investment Tropicana Seri Tujuan Sdn Bhd Malaysia Property development and 100 100 – – (fka Tropicana Urban Homes Sdn Bhd) property investment Tropicana Shared Services Sdn Bhd Malaysia Provision of management services 100 100 – – and publication in magazine Tropicana Sinaran Sdn Bhd Malaysia Property investment 100 100 – – (fka Tropicana Properties (Keningau) Sdn Bhd) 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 SJII Education Malaysia Provision of education services 51 51 49 49 Management Sdn Bhd Tropicana Subang South Malaysia Property development and 100 100 – – Development Sdn Bhd investment holding Tropicana Tawau Malaysia Property investment 100 100 – – Development Sdn Bhd Tropicana Wisma TT Sdn Bhd Malaysia Property development and 100 100 – – property investment Ultimate Support Sdn Bhd Malaysia Provision of network application services 100 100 – – Valley Talent Solutions Sdn Bhd Malaysia Investment Holding 99 – 1 – All subsidiaries are audited by Ernst & Young PLT, Malaysia except as indicated below: * Audit by firms other than Ernst & Young PLT # Equals to the proportion of voting rights held ^ Struck off pursuant to Section 550 of the Companies Act 2016 ** Dissolved on 29 March 2021 NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2020 ANNUAL REPORT 2020 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 232 233