PRG Holdings Berhad Annual Report 2019

PRG HOLDINGS BERHAD 124 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 cont’d 10. INVESTMENTS IN SUBSIDIARIES (continued) (g) Interests in subsidiaries (continued) The details of the subsidiaries are as follows (continued): Name of company Country of incorporation Interest in equity held by Principal activities Company Subsidiaries 2019 2018 2019 2018 % % % % Subsidiaries of FIPB International Limited Furniweb Manufacturing Sdn. Bhd.* Malaysia - - 100 100 Manufacture and sale of upholstery webbings, covered elastic yarn and rigid webbings Texstrip Manufacturing Sdn. Bhd.* Malaysia - - 100 100 Manufacture and marketing of rubber strips and sheets TS Meditape Sdn. Bhd.* Malaysia - - 100 100 Marketing and sale of rubber strips and sheets Webtex Trading Sdn. Bhd.* Malaysia - - 100 100 Investment holding and trading of machinery and accessories Subsidiaries of Furniweb Manufacturing Sdn. Bhd. Furniweb Safety Webbing Sdn. Bhd.* Malaysia - - 100 100 Manufacture and sale of safety webbings Syarikat Sri Kepong Sdn. Bhd.* Malaysia - - 100 100 Property holding company Subsidiaries of Webtex Trading Sdn. Bhd. Furniweb (Vietnam) Shareholding Company # Vietnam - - 100 100 Manufacture and sale of upholstery webbings and covered elastic yarn Premier Elastic Webbing & Accessories (Vietnam) Co., Ltd. # Vietnam - - 43 43 Manufacture and sale of narrow elastic fabrics