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 Investment People’s Business information consultation, 100 100 – – Consulting Pte. Ltd. * Republic enterprise management of China consultation and exhibition service Tropicana Jaya Sdn Bhd Malaysia Investment holding and 100 100 – – renting of properties Tropicana Kemayan Malaysia Investment holding 100 100 – – Development Sdn Bhd Tropicana Kiara Lestari Malaysia Property development 100 100 – – Development Sdn Bhd Tropicana Kiara Lestari Land Sdn Bhd Malaysia Property development 100 100 – – Tropicana Lahad Datu Malaysia Property investment 100 100 – – Development Sdn Bhd Tropicana Land (Sandakan) Sdn Bhd Malaysia Property investment 100 100 – – Tropicana Land Sdn Bhd Malaysia Property development 100 100 – – Tropicana Landmark Sdn Bhd Malaysia Property development 100 100 – – Tropicana Landmark Malaysia Provision of education services, 100 – – – Education Sdn Bhd property investment and investment holding Tropicana Laris Sdn Bhd Malaysia Investment holding 99 99 1 1 Tropicana Lingkaran Utama Malaysia Property investment, development 100 100 – – Sdn Bhd (“TLUSB”) 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 % % % % Subsidiary of TLUSB: Tropicana Southern Gallery Sdn Bhd Malaysia Property investment and 100 100 – – development activities Tropicana Macalister Avenue Malaysia Hotels operations, property 100 100 – – (Penang) Sdn Bhd development and property investment Tropicana Makmur Arif Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Makmur Cahaya Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Makmur Duta Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Makmur Erat Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Makmur Gagah Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Makmur Irama Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Makmur Peluang Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Marketplace Sdn Bhd Malaysia Provision of sales and 100 100 – – (“TMPSB”) marketing activities Subsidiary of TMPSB: Marketplace (Hong Kong) Limited * Hong Kong Provisional sales and marketing 100 100 – – activities and consultancy services FINANCIAL STATEMENTS NOTES TO THE For the financial year ended 31 December 2021 Annual Report 2021 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 282 283
RkJQdWJsaXNoZXIy NDgzMzc=