86 / 136
85
FRONTKEN CORPORATION BERHAD
(651020-T)
ANNUAL REPORT
2015
11.
INVESTMENTS IN SUBSIDIARIES (CONT’D)
Details of the subsidiaries are as follows:
Name of
Subsidiaries
Principal
Place of
Business
Effective
Equity
Interest
Principal Activities
2015
2014
%
%
Direct Subsidiaries
Frontken (Singapore)
Pte. Ltd. (“FSPL”)
1
Singapore
100
100 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering works.
Frontken Technology
Corporation
1
Taiwan
100
100 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering works.
PT Frontken Indonesia
1
Indonesia
95
95 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering works.
Frontken MIC Co.
Limited (“FMIC”)
1,3
Hong Kong
-
40.43 Investment holding and provision of management
services.
Frontken Malaysia
Sdn. Bhd. (“FMSB”)
2
Malaysia
100
100 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering works.
TTES Frontken
Integrated Services
Sdn. Bhd. (“TTES”)
2,3
Malaysia
45
45 Engaged in the business of turbo machinery
technical engineering services.
Indirect Subsidiaries
Frontken Philippines
Inc
1
Philippines
99.99
99.99 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering works.
Frontken (East Malaysia)
Sdn. Bhd.
2
Malaysia
100
100 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering works.
Frontken (Johor)
Sdn. Bhd.
2
Malaysia
100
100 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering services.
Frontken-MIC (Wuxi)
Co. Ltd.
1
China
-
40.43 Provision of cleaning of specialised equipment
for semiconductor devices, integrated
circuits and components, and research and
development of semiconductor cleaning
technology.
Frontken Projects Sdn.
Bhd. (formerly known as
Frontken Petroleum Sdn.
Bhd.)
2
Malaysia
60.07
60.07 Dormant.
NOTES TO THE FINANCIAL STATEMENTS
(cont’d)