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# 2022 2021 2022 2021 % % % % Subsidiary of TPSLSB: Tencomurni Sdn Bhd Malaysia Business timber logging 100 100 – – and 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 100 100 – – and trading of round wood in an unprocessed form Tropicana Property Malaysia Investment holding 100 100 – – Services Sdn Bhd Tropicana Saujana Sdn Bhd Malaysia Investment holding 100 100 – – (“TSSB”) Subsidiary of TSSB: Alam Tiasa Sdn Bhd Malaysia Business timber logging 100 100 – – and 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 100 100 – – property development Purple Pumkie Organic Farm Malaysia Organic farming and 100 100 – – Sdn Bhd growing of vegetables Raintree Realty Sdn Bhd Malaysia Property development and 100 100 – – property investment NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 216 ANNUAL REPORT 2022
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