PRG Holdings Berhad Annual Report 2020

Annual Report 2020 121 11. 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 Name of company incorporation 2020 2019 2020 2019 Principal activities % % % % Subsidiaries of FIPB International Limited Furniweb Manufacturing Malaysia - - 100 100 Manufacture and sale of Sdn. Bhd.* upholstery webbings, covered elastic yarn and rigid webbings Texstrip Manufacturing Malaysia - - 100 100 Manufacture and Sdn. Bhd.* marketing of rubber strips and sheets TS Meditape Sdn. Bhd.* Malaysia - - 100 100 Trading of medical products 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 sale of Sdn. Bhd.* safety webbings Syarikat Sri Kepong Malaysia - - 100 100 Property holding Sdn. Bhd.* company Subsidiaries of Webtex Trading Sdn. Bhd. Furniweb (Vietnam) Vietnam - - 100 100 Manufacture and sale of Shareholding Company# upholstery webbings and covered elastic yarn Premier Elastic Webbing & Vietnam - - ^ 43 Manufacture and sale of #Accessories (Vietnam) narrow elastic fabrics Co., Ltd.#^ Notes to the Financial Statements 31 December 2020 cont’d