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 Seri Irama Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Jalur Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Jutaan Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Meranti Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Nipah Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Orkid Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Peluang Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Resak Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Riang Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Segak Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Sena Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Tabah Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Seri Tujuan Sdn Bhd Malaysia Property development and 100 100 – – property investment Tropicana Shared Services Sdn Bhd Malaysia Provision of management 100 100 – – services and publication in magazine NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 226 ANNUAL REPORT 2022
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