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 121 7 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows (continued): Group’s effective interest 2017 % 2016 % Country of incorporation Principal activities Wasco Lindung Sdn. Bhd. 48 π 48 π Malaysia Manufacture, supply and installation of sacrificial anodes, provision of cathodic protection services and equipment, corrosion protection services, passive fire protection services, special paint coating services and provision of technical training services * PT. MPE Deepwater - a - a Indonesia Dormant (In Member’s Voluntary Liquidation) Asiana Emas Sdn. Bhd. 100 100 Malaysia Investment holding Petro-Pipe (Sabah) Sdn. Bhd. 60 60 Malaysia Manufacturing and sales of spiral welded pipes for the oil and gas industry Wasco Engineering Group Limited 100 100 British Virgin Islands Investment holding # Wasco Engineering International Ltd. 100 100 British Virgin Islands Leasing of compressors and power generators, designing, engineering and fabrication and sale of gas processing and compression systems and gas based power generators; and servicing and selling parts of oil and gas processing and compression systems * PT Wasco Engineering International (formerly known as PT. Gas Services Indonesia) 100 100 Indonesia Consulting services, rental, repair and maintenance of natural gas industry equipment * WS Engineering & Fabrication Pte. Ltd. 100 100 Singapore Design, engineering and fabrication of oil and gas processing and compression systems and equipment