Frontken Berhad Annual Report 2020

Annual Report 2020 104 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:- (Cont’d) Principal Percentage of Place of Issued Share Business/ Capital Held Country of by Parent Name of Subsidiaries Incorporation 2020 2019 Principal Activities % % Subsidiaries of FMSB (Cont’d) Frontken (Johor) Malaysia 100 100 Provision of surface treatment Sdn. Bhd. 1 technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering services. Frontken Projects Malaysia – 100 Provision of surface treatment Sdn. Bhd. 3 technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering services. Subsidiaries of FSPL Frontship Pte. Ltd. 1, 3 Singapore – 100 Provision of materials, equipment consumable parts and engineering services. Frontken Projects Singapore 100 100 General contractors and process and Pte. Ltd. 1 individual plant engineering services. Frontken Philippines Philippines 99.99 99.99 Provision of surface treatment Inc 1 technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. Subsidiary of AGTC Ares Green International Samoa 100 100 Investment holding. Corporation 1 1 The financial statements of the subsidiaries are audited by auditors other than the auditors of the Company. 2 TTES is considered a subsidiary of the Group as the Group has control over the operating and management policies of this subsidiary via the board of directors appointed by the Group. 3 These subsidiaries have been struck off during the current financial year.