PRG Holdings Berhad Annual Report 2018

9. INVESTMENTS IN SUBSIDIARIES (continued) (f) Interests in subsidiaries (continued) The details of the subsidiaries are as follows (continued): Interest in equity held by Country of Company Subsidiaries Principal Name of company incorporation 2018 2017 2018 2017 activities % % % % Subsidiaries of FIPB International Limited (continued) Webtex Trading Sdn. Bhd. Malaysia - - 100 100 Investment holding and trading of machinery and accessories Subsidiaries of Furniweb Manufacturing Sdn. Bhd. Furniweb Safety Webbing Malaysia - - 100 100 Manufacture and Sdn. Bhd. sale of safety webbings Syarikat Sri Kepong Sdn. Bhd. Malaysia - - 100 100 Property holding company Subsidiaries of Webtex Trading Sdn. Bhd. Furniweb (Vietnam) Shareholding Vietnam - - 100 100 Manufacture and Company * sale of upholstery webbings and covered elastic yarn Premier Elastic Webbing & Vietnam - - 43 43 Manufacture and Accessories (Vietnam) Co., Ltd. * sale of narrow elastic fabrics Subsidiary of Furniweb (Vietnam) Shareholding Company Premier Elastic Webbing & Vietnam - - 57 57 Manufacture and Accessories (Vietnam) Co., Ltd. * sale of narrow fabrics Subsidiary of Premier Management International Limited PP Retail Pte. Ltd. * Singapore - - 100 - Retail sale of clothing, footwear and ancillary products 2018 A N N U A L R E P O R T 118 notes to the financial statements 31 December 2018 (continued)