Wah Seong Corporation Berhad Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 FINANCIAL STATEMENTS WAH SEONG CORPORATION BERHAD ANNUAL REPORT 2017 119 7 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows (continued): Group’s effective interest 2017 % 2016 % Country of incorporation Principal activities # Wasco Coatings Germany GmbH 100 100 j Germany Provision of pipe coating and related services to the oil & gas industry # Wasco Coatings Germany (Plant and Equipment) GmbH (formerly known as Eupec Pipeline Services GmbH) 100 m - Germany Provision of pipe coating and related services to the oil & gas industry and the leasing of land, building and coating equipment # Wasco Coatings Finland Oy 100 100 i Finland Provision of pipe coating and related services to the oil & gas industry # Wasco Coatings Finland (Plant and Equipment) Oy 100 l - Finland Provision of pipe coating and related services to the oil & gas industry and the leasing of land, building and coating equipment # Wasco Coatings Norway AS 100 100 Norway Provision of pipe coating and related services to the oil and gas industry PPSC Industrial Holdings Sdn. Bhd. 100 100 Malaysia Investment holding Wasco Resources Sdn. Bhd. 100 100 Malaysia Property investment holding Wasco Coatings Malaysia Sdn. Bhd. 70 70 Malaysia Coating of pipes for the oil and gas industry Wasco Coatings Insulation Sdn. Bhd. 70 70 Malaysia Coating of pipes for the oil and gas industry # Wasco Coatings HK Limited 100 100 Hong Kong, SAR Investment holding, construction of coating plants, marketing and provision of pipe coating and related services to the oil and gas industry