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 % % % % Subsidiary of TPSLSB: Tencomurni Sdn Bhd Malaysia Business timber logging and 100 – – – trading of round wood in an unprocessed form Tropicana Plaza Sdn Bhd Malaysia Property investment and 100 100 – – (“TPLSB”) investment holding Subsidiary of TPLSB: Mesatria Sdn Bhd Malaysia Business timber logging and 100 – – – trading of round wood in an unprocessed form Tropicana Saujana Sdn Bhd (“TSSB”) Malaysia Investment holding 100 100 – – Subsidiary of TSSB: Alam Tiasa Sdn Bhd Malaysia Business timber logging and 100 – – – trading of round wood in an unprocessed form Myxon (M) Sdn Bhd Malaysia Construction 100 100 – – Pixelcloud Sdn Bhd (“PSB”) Malaysia Investment holding 100 100 – – Subsidiary of PSB: Cenang Resort Sdn Bhd Malaysia Property investment and 100 – – – property development Purple Pumkie Organic Farm Sdn Bhd Malaysia Organic farming 100 100 - - Raintree Realty Sdn Bhd Malaysia Property development and 100 – – – property investment 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 % % % % 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 Alam Sdn Bhd Malaysia Property development and 100 100 – – (fka Tropicana Senibong Sdn Bhd) property investment Tropicana Aman Sdn Bhd (“TASB”) Malaysia Property development 100 100 – – Subsidiary of TASB: Sapphire Step Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Bestari Malaysia Property investment and 100 – – – Development Sdn Bhd investment holding Tropicana Bestari Malaysia Property investment and 100 – – – Properties Sdn Bhd investment holding 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 of China conference and exhibitions FINANCIAL STATEMENTS NOTES TO THE For the financial year ended 31 December 2021 Annual Report 2021 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 276 277
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