!," INVESTMENTS#IN#SUBSIDIARIES#(CONT’D") (a) Group!restructuring!(cont’d*) The!following!group!restructuring!took!place!in!the!previous!financial!year)!(cont’d') (ii) On!"1!January!"#""&!the!Company!divested!its!$!ordinary!share!in!Tropicana!Property!Services!Sdn!Bhd!(“TPSSB”)!representing! $##3!of!the!total!paid-up!capital&!for!a!total!cash!consideration!of!RM$!to!Megaxis!Sdn!Bhd!(“MSB”)'!Accordingly&!TPSSB!has! become!a!wholly-owned!subsidiary!of!MSB&!which!in!turn!is!an!indirect!wholly-owned!subsidiary!of!the!Company' (iii) On!$1!February!"#""&!the!Company!had!incorporated!a!wholly-owned!subsidiary&!Tropicana!Entertainment!and!Retail!Sdn! Bhd!with!$!ordinary!share!representing!$##3!of!total!paid-up!capital&!for!a!total!cash!consideration!of!RM$' (iv) On!"#!June!"#""&!the!Company!had!incorporated!a!wholly-owned!subsidiary&!Tropicana!Solar!Sdn!Bhd!with!$!ordinary!share! representing!$##3!of!total!paid-up!capital&!for!a!total!cash!consideration!of!RM$' (v) On!$/!August!"#""&!the!Company!had!incorporated!a!wholly-owned!subsidiary&!Island!Sands!Property!Management!Sdn!Bhd! with!$##!ordinary!shares!representing!$##3!of!total!paid-up!capital&!for!a!total!cash!consideration!of!RM$##' (vi) On!"0!October!"#""&!the!Company!completed!a!capital!reduction!exercise!to!reduce!its!investment!in!a!subsidiary&!Tropicana! Resort!Holding!Sdn!Bhd!by!cancelling!%0&--+!RNCPS&!all!of!which!are!held!by!the!Company!amounting!to!RM%0&--+' (vii) On!",!October!"#""&!TIRSB!completed!the!capitalisation!of!debts!amounting!to!RM$+&#%%&%%0!owed!by!its!0#3!owned! subsidiary&!TISB!by!way!of!issuance!of!RNCPS!at!an!issue!price!of!RM$!each'!Subsequent!to!the!capitalisation&!the!Company! also!completed!the!capitalisation!of!debts!amounting!to!RM$+&#%%&%%0!owed!by!TIRSB!by!way!of!issuance!of!RNCPS!at!an! issue!price!of!RM$!each' (viii) On!+$!October!"#""&!the!Company!had!partially!redeemed!the!RNCPS!issued!by!TKHSB!for!RM$0&/#//!by!o(setting!of! amounts!owing!by!the!Company!to!TKHSB' (ix) On!$1! November!"#""&! the! Company! completed! a! capital! reduction! exercise! to! reduce! its! investment! in! a! subsidiary&! Tropicana!Danga!Cove!Holding!Sdn!Bhd!by!cancelling!$1&,1,&$#$!RNCPS&!all!of!which!are!held!by!the!Company!amounting! to!RM$1&,1,&$#$' (x) On!"-!November!"#""&!the!Company!had!incorporated!a!wholly-owned!subsidiary&!Tropicana!Aurora!Property!Pte!Ltd!with! $##!ordinary!shares!representing!$##3!of!total!paid-up!capital&!for!a!total!consideration!of!RM+"-'! 247 FINANCIAL STATEMENTS & OTHER INFORMATION
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