KUB Malaysia Berhad Annual Report 2021

43. INVESTMENTS IN ASSOCIATES Details of associates are as follows: % of Country of ownership incorporation/ interest and Principal voting power place of held by Name of associates business the Group Principal activities 30.6.2021 31.12.2019 % % Held by the Company: KUB-Berjaya Enviro Malaysia - 40 Sanitary waste management Sdn Bhd^ Progas Holding Limited Pakistan 38 38 Investment holding Held through KUB Telekomunikasi Sdn Bhd: Sphairon (Malaysia) Malaysia 49 49 Dormant Sdn Bhd ^ Disposed in the current period NOTES TO THE FINANCIAL STATEMENTS 144 KUB MALAYSIA BERHAD