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 Marketplace Malaysia Provision of sales and 100 100 – – Sdn Bhd (“TMPSB”) marketing activities Subsidiary of TMPSB: Marketplace (Hong Kong) Hong Kong Provisional sales and 100 100 – – Limited * marketing activities and consultancy services Tropicana Mentari Development Malaysia Investment holding 100 100 – – Sdn Bhd (“TMDSB”) Subsidiaries of TMDSB: Tropicana Sierra Sdn Bhd Malaysia Property development 100 100 – – Urban Discovery Sdn Bhd Malaysia Investment holding and 100 100 – – property investment Tropicana Metro Sdn Bhd Malaysia Property investment 100 100 – – Tropicana Metropark Malaysia Property development 100 100 – – Sdn Bhd (“TMSB”) Subsidiary of TMSB: Tropicana Gems Education Sdn Bhd Malaysia Property investment 100 100 – – Tropicana Privilege (M) Sdn Bhd Malaysia Loyalty programme 100 100 – – Tropicana Properties (Klang) Malaysia Property investment 100 100 – – Sdn Bhd Tropicana Properties (Sabah) Malaysia Property investment 100 100 – – Sdn Bhd Tropicana Properties (Sandakan) Malaysia Property investment 100 100 – – Sdn Bhd Tropicana Property Management Malaysia Property management 100 100 – – Sdn Bhd services NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 224 ANNUAL REPORT 2022
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