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 123 7 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows (continued): Group’s effective interest 2017 % 2016 % Country of incorporation Principal activities * Wasco China International Limited 100 100 Hong Kong, SAR Investment holding, trading of goods and provision of marketing and other services related to the oil and gas industry * Ashburn Offshore Oil & Gas Equipment & Engineering (Tianjin) Co. Ltd. 65 65 People’s Republic of China Design and manufacturing of products to the oil and gas industry * Ashburn International Trade (Tianjin) Co. Ltd. 65 65 People’s Republic of China International trade, processing and assembling, storage of bonded goods and development of high technological products and consultancy services Jutasama Sdn. Bhd. 100 100 Malaysia Contracting of industrial engineering projects Mackenzie Industries Sdn. Bhd. 60 60 Malaysia Undertaking of steam boilers and energy system projects Jutasama Jaya Sdn. Bhd. 100 100 Malaysia Dormant PMT Energy (Labuan) Ltd. 100 100 Federal Territory of Labuan, Malaysia Investment holding PMT Energy Sdn. Bhd. 100 100 Malaysia Project management for biomass power plant ~ PMTI Energy (Cambodia) Co. Ltd. 75 75 Kingdom of Cambodia Dormant PMT Industries Sdn. Bhd. 100 100 Malaysia Manufacturing and supplying of spare parts, equipment and provision of maintenance services for palm oil and other agricultural industries