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 Inspirasi Sdn Bhd Malaysia Investment holding 100 100 – – (“TINSB”) Subsidiaries of TINSB: Tropicana Inspirasi Impian Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Inspirasi Indah Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Investment People’s Investing consultation, 100 100 – – Consulting Pte Ltd * Republic of business information China consultation, enterprise management consultation and exhibition service Tropicana Jaya Sdn Bhd Malaysia Investment holding and 100 100 – – property investment Tropicana Kemayan Malaysia Investment holding 100 100 – – Development Sdn Bhd Tropicana Kiara Lestari Malaysia Property development 100 100 – – Development Sdn Bhd Tropicana Kiara Lestari Malaysia Property development 100 100 – – Land Sdn Bhd Tropicana Lahad Datu Malaysia Property investment 100 100 – – Development Sdn Bhd Tropicana Land (Sandakan) Malaysia Property investment 100 100 – – Sdn Bhd Tropicana Land Sdn Bhd Malaysia Property development 100 100 – – Tropicana Landmark Sdn Bhd Malaysia Property development 100 100 – – Tropicana Landmark Malaysia Provision of education 100 100 – – Education Sdn Bhd services, property investment and investment holding NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 222 ANNUAL REPORT 2022
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