Frontken Corporation Berhad 200401012517 (651020-T) • ANNUAL REPORT 2022 124 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 13. INVESTMENTS IN SUBSIDIARIES The Company 2022 2021 RM RM Unquoted shares, at cost: At 1 January 149,560,234 145,319,800 Addition during the year 4,739,381 4,240,434 Share grant plan granted to subsidiaries’ employees 218,280 - 154,517,895 149,560,234 Accumulated impairment losses (987,241) (987,241) At 31 December 153,530,654 148,572,993 The details of the subsidiaries are as follows: Principal Place Percentage of of Business/ Issued Share Country of Capital Held Name of Subsidiaries Incorporation by Parent Principal Activities 2022 2021 % % 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 Integrated Malaysia 45 45 Engaged in the business of turbo Services Sdn. Bhd. machinery technical engineering (“TTES”) 1, 2 services.
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