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 Sinaran Sdn Bhd Malaysia Property investment 100 100 – – Tropicana SJII Education Malaysia Provision of education 100 51 – 49 Management Sdn Bhd services Tropicana Solar Sdn Bhd Malaysia Solar business 100 – – – Tropicana Subang South Malaysia Property development and 100 100 – – Development Sdn Bhd investment holding Tropicana Tawau Malaysia Property investment 100 100 – – Development Sdn Bhd Tropicana Wisma TT Sdn Bhd Malaysia Property development and 100 100 – – property investment Ultimate Support Sdn Bhd Malaysia Provision of network 100 100 – – application services Valley Talent Solutions Malaysia Investment holding 99 99 1 1 Sdn Bhd All subsidiaries are audited by Ernst & Young PLT, Malaysia except as indicated below: * Audit by firms other than Ernst & Young PLT # Equals to the proportion of voting rights held 227 FINANCIAL STATEMENTS & OTHER INFORMATION
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