Frontken Berhad Annual Report 2018

93 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2018 11. INVESTMENTS IN SUBSIDIARIES (CONT’D) =QN MN]JRU\ XO ]QN \^K\RMRJ[RN\ J[N J\ OXUUX`\# ,XW]۴M Name of Subsidiaries Principal Place of Business/ Country of Incorporation Percentage of Issued Share Capital Held by Parent 2018 % 2017 % Principal Activities Subsidiaries of FMSB /[XW]TNW .J\] 6JUJb\RJ <MW +QM 1 Malaysia 100 100 Provision of surface metamorphosis technology using thermal spray coating processes and a series of complementary processes including VNLQJWRLJU JWM LQNVRLJU NWPRWNN[RWP `X[T\ /[XW]TNW 3XQX[ <MW +QM Malaysia 100 100 Provision of surface metamorphosis technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering \N[_RLN\ /[XW]TNW 9[XSNL]\ <MW +QM (“FPSB”) Malaysia 100 100 Provision of surface metamorphosis technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering \N[_RLN\ Subsidiaries of FSPL /[XW]\QRY 9]N 5]M 1 Singapore 100 100 9[XL^[NVNW] XO VJ]N[RJU\ NZ^RYVNW] LXW\^VJKUN YJ[]\ JWM NWPRWNN[RWP \N[_RLN\ /[XW]TNW 9[XSNL]\ 9]N 5]M (“FPPL”) 1 Singapore 100 100 General contractors and process and individual YUJW] NWPRWNN[RWP \N[_RLN\ Frontken Philippines Inc 1 Philippines "" "" "" "" Provision of surface metamorphosis technology using thermal spray coating processes and a series of complementary processes including VNLQJWRLJU JWM LQNVRLJU NWPRWNN[RWP `X[T\ Subsidiary of AGTC Ares Green International Corporation (“AGIC”) 1 Samoa 100 100 2W_N\]VNW] QXUMRWP 1 =QN ࠰WJWLRJU \]J]NVNW]\ XO ]QN \^K\RMRJ[RN\ J[N J^MR]NM Kb J^MR]X[\ X]QN[ ]QJW ]QN J^MR]X[\ XO ]QN ,XVYJWb 2 TTES is considered a subsidiary of the Group as the Group has control over the operating and management YXURLRN\ XO ]QR\ \^K\RMRJ[b _RJ ]QN KXJ[M XO MR[NL]X[\ JYYXRW]NM Kb ]QN 0[X^Y Notes To The Financial Statements (cont’d)