Frontken Berhad Annual Report 2020

Annual Report 2020 103 FRONTKEN CORPORATION BERHAD 200401012517 (651020-T) Notes to the Financial Statements (cont’d) 13. INVESTMENTS IN SUBSIDIARIES (Cont’d) The details of the subsidiaries are as follows:- Principal Percentage of Place of Issued Share Business/ Capital Held Country of by Parent Name of Subsidiaries Incorporation 2020 2019 Principal Activities % % Subsidiaries of the Company Frontken Malaysia Malaysia 100 100 Provision of surface treatment Sdn. Bhd. (“FMSB”) technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. Frontken (Singapore) Singapore 100 100 Provision of surface treatment Pte. Ltd. (“FSPL”) 1 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 treatment technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. TTES Frontken Malaysia 45 45 Engaged in the business of turbo Integrated Services machinery technical engineering Sdn. Bhd. (“TTES”) 1, 2 services. Ares Green Technology Taiwan 91.25 90.85 Provision of surface treatment Corporation (“AGTC”) 1 and advanced precision cleaning for the TFT - LCD (Thin Film Transistor - Liquid Crystal Display) and semi-conductor industries. Subsidiaries of FMSB Frontken (East Malaysia) Malaysia 100 100 Provision of surface treatment Sdn. Bhd. (“FEM”) 1 technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works.