Frontken Berhad Annual Report 2019

96 Frontken Corporation Berhad (651020-T) ANNUAL REPORT 2019 13. INVESTMENTS IN SUBSIDIARIES The Company 2019 2018 RM RM Unquoted shares, at cost:- At beginning of the year 141,906,949 134,773,867 Addition during the year 2,636,981 7,133,082 144,543,930 141,906,949 Accumulated impairment losses (987,241) (987,241) 143,556,689 140,919,708 The details of the subsidiaries are as follows:- Name of Subsidiaries Principal Place of Business/ Country of Incorporation Percentage of Issued Share Capital Held by Parent Principal Activities 2019 2018 % % Subsidiaries of the Company Frontken Malaysia Sdn. Bhd. (“FMSB”) 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 (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. 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. TTES Frontken Integrated Services Sdn. Bhd. (“TTES”) 2 Malaysia 45 45 Engaged in the business of turbo machinery technical engineering services. Ares Green Technology Corporation (“AGTC”) 1 Taiwan 90.85 89.59 Provision of surface treatment and advanced precision cleaning for the TFT - LCD (Thin Film Transistor - Liquid Crystal Display) and semi-conductor industries. Notes To The Financial Statements (cont’d)