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 Laris Sdn Bhd Malaysia Investment holding 99 99 1 1 Tropicana Lingkaran Utama Malaysia Property investment, 100 100 – – Sdn Bhd (“TLUSB”) development activities and investment holding Subsidiary of TLUSB: Tropicana Southern Gallery Malaysia Property investment and 100 100 – – Sdn Bhd development activities Tropicana Macalister Avenue Malaysia Hotels operations, property 100 100 – – (Penang) Sdn Bhd development and property investment Tropicana Makmur Arif Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Makmur Cahaya Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Makmur Duta Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Makmur Erat Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Makmur Gagah Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Makmur Irama Malaysia Property development and 100 100 – – Sdn Bhd property investment Tropicana Makmur Peluang Malaysia Property development and 100 100 – – Sdn Bhd property investment 223 FINANCIAL STATEMENTS & OTHER INFORMATION
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