Kimlun Corporation Berhad Annual Report 2019

Annual Report 2019 Kimlun Corporation Berhad NOTES TO THE FINANCIAL STATEMENTS For the financial year ended 31 December 2019 (cont’d) 124 15. Other investments 2019 2018 RM RM Club memberships, at cost 75,000 75,000 16. Investment in subsidiaries 2019 2018 RM RM Unquoted shares, at cost 268,482,666 229,982,666 Less: Impairment losses (708,671) (663,870) 267,773,995 229,318,796 Details of the subsidiaries are as follows: Proportion (%) Country of of ownership Name incorporation Principal activities interest 2019 2018 Held by the Company: Kimlun Sdn. Bhd. Malaysia Building and infrastructure 100 100 contractors SPC Industries Malaysia Ready mix concrete production 100 100 Sdn. Bhd. and manufacturing of pre-cast concrete products Kimlun Land Sdn. Bhd. Malaysia Investment holding, property 100 100 investment and development KL Building Materials Malaysia Manufacturing and trading of all 100 100 Sdn. Bhd. kinds of building and construction materials, and provision of quarry services and machinery rental services I-Buildtech Solutions Singapore Provision of industrial building 100 100 Pte Ltd * systems and the supply of construction and building materials Company Group