18. INVESTMENTS IN SUBSIDIARIES (CONT’D.) Details of the subsidiaries are as follows: Effective Effective interest interest held by Country of held by the non-controlling Name of subsidiaries incorporation Principal activities Group# interests# 2021 2020 2021 2020 % % % % Advent Nexus Sdn Bhd Malaysia Investment holding 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 100 100 – – property investment Subsidiaries of TCSB: Dicasa Management Services Malaysia Property management and 100 100 – – Sdn Bhd maintenance services 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 Malaysia Investment holding 100 100 – – Sdn Bhd (“TIRSB”) Subsidiary of TIRSB: Tropicana Indah Sdn Bhd Malaysia Property development, property 70 70 30 30 investment, distribution and sales of electricity 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# 2021 2020 2021 2020 % % % % Bestari Golden Sdn Bhd Malaysia Property investment and 100 – – – investment holding Bestari Sliver Sdn Bhd Malaysia Property investment and 100 – – – investment holding Bestari Violet Sdn Bhd Malaysia Property investment and 100 – – – investment holding Bestari Zamrud Sdn Bhd Malaysia Property investment and 100 – – – investment holding BK Utilities Sdn Bhd Malaysia Water treatment and water supply 100 100 – – Blackforest Realty Sdn Bhd Malaysia Property development and 100 – – – property investment Daya Petaling Sdn Bhd Malaysia Property investment 100 100 – – Greenforest Realty Sdn Bhd Malaysia Property development and 100 – – – property investment Greenhouse Farm and Fishery Sdn Bhd Malaysia Agriculture, fishery and trading 100 100 – – Marvelscape Sdn Bhd Malaysia Investment holding and 100 100 – – property development Megaxis Sdn Bhd (“MSB”) Malaysia Investment holding 100 100 – – Subsidiaries of MSB: Tropicana Coliseum (Ipoh) Sdn Bhd Malaysia Investment holding 100 100 – – Tropicana Lido Development Sdn Bhd Malaysia Property investment and 100 100 – – investment holding Tropicana Paisley Sdn Bhd Malaysia General trading, investment 100 100 – – (“TPSLSB”) holding and property FINANCIAL STATEMENTS NOTES TO THE For the financial year ended 31 December 2021 Annual Report 2021 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 274 275
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