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 % % % % Tropicana Business People’s Provision of consultancy 100 100 – – Consulting (Shenzhen) Republic of services for related Pte Ltd * China services on conference and exhibitions Tropicana Central Department Malaysia Management and operation 100 100 – – Store Sdn Bhd of department store Tropicana Central Garden Malaysia Management and operation 100 100 – – Mall Sdn Bhd of mall 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 100 100 – – Solutions Sdn Bhd management, fund management, cash management, investment management, financing and debt management, financial risk management and any other related services Tropicana Credit & Leasing Malaysia Money lending and credit 100 100 – – Sdn Bhd 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, 60 60 40 40 investment holding and property investment NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 218 ANNUAL REPORT 2022
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