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 Rahang Malaysia Investment holding 100 100 – – Development Sdn Bhd Tropicana Residences Sdn Bhd Malaysia Hotel operations, property 100 100 – – development and property investment Tropicana Resort Holding Malaysia Investment holding 100 100 – – Sdn Bhd (“TRHSB”) Subsidiary of TRHSB: Tropicana Danga Bay Malaysia Property development and 60 60 40 40 Resort Sdn Bhd property investment Tropicana Rhythm Crest Malaysia Property investment and 100 100 – – Sdn Bhd development activities Tropicana Sadong Jaya Malaysia Property investment 100 100 – – Development Sdn Bhd Tropicana Sanctuary Malaysia Property investment and 70 70 30 30 Development Sdn Bhd development activities Tropicana Scenic Malaysia Property investment and 100 100 – – Development Sdn Bhd development activities Tropicana Serdang Suria Sdn Bhd Malaysia Property development 100 100 – – Tropicana Seri Aliran Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Bakat Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Damai Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Dutaan Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Fauna Sdn Bhd Malaysia Property development and 100 100 – – property investment 225 FINANCIAL STATEMENTS & OTHER INFORMATION
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