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 Seri Jalur Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Jutaan Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Meranti Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Nipah Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Orkid Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Peluang Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Resak Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Riang Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Segak Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Sena Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Tabah Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Tujuan Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Shared Services Malaysia Provision of management services 100 100 – – Sdn Bhd and publication in magazine 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 Sinaran Sdn Bhd Malaysia Property investment 100 100 – – Tropicana SJII Education Malaysia Provision of education services 51 51 49 49 Management Sdn Bhd Tropicana Subang South Malaysia Property development and 100 100 – – Development Sdn Bhd investment holding Tropicana Tawau Development Sdn Bhd Malaysia Property investment 100 100 – – Tropicana Wisma TT Sdn Bhd Malaysia Property development and 100 100 – – property investment Ultimate Support Sdn Bhd Malaysia Provision of network 100 100 – – application services Valley Talent Solutions Sdn Bhd Malaysia Investment holding 99 99 1 1 All subsidiaries are audited by Ernst & Young PLT, Malaysia except as indicated below: * Audit by firms other than Ernst & Young PLT # Equals to the proportion of voting rights held ** Disolved on 29 March 2021 FINANCIAL STATEMENTS NOTES TO THE For the financial year ended 31 December 2021 Annual Report 2021 TROPICANA CORPORATION BERHAD FINANCIAL STATEMENTS AND OTHER INFORMATION 286 287
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