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 124 7 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows (continued): Group’s effective interest 2017 % 2016 % Country of incorporation Principal activities PMT Industries (HK) Limited - n 100 Hong Kong, SAR Dormant (Deregistered) PMT Industries (Labuan) Ltd. 100 100 Federal Territory of Labuan, Malaysia Supply of equipment for palm oil and other agricultural industries PMT-Phoenix Industries Sdn. Bhd. - r 100 Malaysia Dormant (In Member’s Voluntary Winding Up) PMT-Dong Yuan Industries Sdn. Bhd. 100 100 Malaysia Fabrication, assembly and supply of machinery and equipment to palm oil industry * PT. PMT Industri 100 100 Indonesia Supply of spare parts, equipment, provision of maintenance services and engineering consultation for palm oil and other agricultural industries Petro-Pipe Industrial Corporation Sdn. Bhd. 100 100 Malaysia Investment holding Petro-Pipe Industries (M) Sdn. Bhd. 100 100 Malaysia Manufacturing and sales of welded steel pipes and related products PPI Industries Sdn. Bhd. 100 100 Malaysia Manufacturing and sales of welded steel pipes and related products Syn Tai Hung Trading Sdn. Bhd. 100 100 Malaysia Trading and distribution of building materials STH Sri Bulatan Sdn. Bhd. 100 100 Malaysia Dormant Stellar Marketing Sdn. Bhd. 100 100 Malaysia Dormant