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 % % % % Tropicana Central Department Malaysia Management and operation 100 100 – – Store Sdn Bhd of department store Tropicana Central Garden Mall Sdn Bhd Malaysia Management and operation of mall 100 100 – – Tropicana Cheras Sdn Bhd Malaysia Property development 100 100 – – Tropicana Collections Malaysia Provision of MM2H 100 100 – – (MM2H) Sdn Bhd application services Tropicana Corporate Malaysia Provision of treasury management, 100 100 – – Solutions Sdn Bhd 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 100 100 – – financing services Tropicana Danga Bay Land Malaysia Investment holding 100 100 – – Sdn Bhd (“TDBLSB”) Subsidiaries of TDBLSB: Desiran Realiti Sdn Bhd Malaysia Investment holding and 100 100 – – share trading Tropicana Danga Bay Sdn Bhd Malaysia Property development, investment 60 60 40 40 holding 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 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 % % % % 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 Tropicana Danga Lagoon Malaysia Property investment and 100 100 – – Garden Sdn Bhd development activities Tropicana Danga Lagoon Malaysia Property development and 100 100 – – Sdn Bhd (“TDLSB”) investment holding Subsidiary of TDLSB: Tropicana Lagoon Sdn Bhd Malaysia Property development 100 100 – – Tropicana Danga Senibong Malaysia Investment holding 100 100 – – Holding Sdn Bhd (“TDSHSB”) Subsidiaries of TDSHSB: Sehati Rakyat Sdn Bhd Malaysia Real estate activities, property 100 – – – development and investment, land acquisition, construction, trading, consultancy and advisory Sejahtera Rakyat Sdn Bhd Malaysia Real estate activities, property 100 – – – development and investment, land acquisition, construction, trading, consultancy and advisory Sejati Rakyat Sdn Bhd Malaysia Real estate activities, property 100 – – – development and investment, land acquisition, construction, trading, consultancy and advisory FINANCIAL STATEMENTS NOTES TO THE For the financial year ended 31 December 2021 Annual Report 2021 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 278 279
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