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 Mentari Development Malaysia Investment holding 100 100 – – Sdn Bhd (“TMDSB”) Subsidiaries of TMDSB: Tropicana Sierra Sdn Bhd Malaysia Property development 100 100 – – Urban Discovery Sdn Bhd Malaysia Investment holding and 100 100 – – property investment Tropicana Metro Sdn Bhd Malaysia Property investment 100 100 – – Tropicana Metropark Sdn Bhd (“TMSB”) Malaysia Property development 100 100 – – Subsidiary of TMSB: Tropicana Gems Education Sdn Bhd Malaysia Property investment 100 100 – – Tropicana Privilege (M) Sdn Bhd Malaysia Loyalty programme 100 – – – Tropicana Properties (Klang) Sdn Bhd Malaysia Property investment 100 100 – – Tropicana Properties (Sabah) Sdn Bhd Malaysia Property investment 100 100 – – Tropicana Properties Malaysia Property investment 100 100 – – (Sandakan) Sdn Bhd Tropicana Property Malaysia Property management services 100 100 – – Management Sdn Bhd Tropicana Property Services Sdn Bhd Malaysia Property management services 100 100 – – Tropicana Rahang Development Sdn Bhd Malaysia Investment holding 100 100 – – Tropicana Residences Sdn Bhd Malaysia Hotel operations, property 100 100 – – development and 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 % % % % Tropicana Resort Holding Malaysia Investment holding 100 100 – – Sdn Bhd (“TRHSB”) Subsidiary of TRHSB: Tropicana Danga Bay Malaysia Property development and 60 60 40 40 Resort Sdn Bhd property investment Tropicana Rhythm Crest Sdn Bhd Malaysia Property investment and 100 100 – – development activities Tropicana Sadong Jaya Malaysia Property investment 100 100 – – Development Sdn Bhd Tropicana Sanctuary Malaysia Property investment and 70 70 30 30 Development Sdn Bhd development activities Tropicana Scenic Malaysia Property investment and 100 100 – – Development Sdn Bhd development activities Tropicana Serdang Suria Sdn Bhd Malaysia Property development 100 100 – – Tropicana Seri Aliran Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Bakat Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Damai Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Dutaan Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Fauna Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Irama Sdn Bhd Malaysia Property development and 100 100 – – property investment FINANCIAL STATEMENTS NOTES TO THE For the financial year ended 31 December 2021 Annual Report 2021 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 284 285
RkJQdWJsaXNoZXIy NDgzMzc=