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 125 7 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows (continued): Group’s effective interest 2017 % 2016 % Country of incorporation Principal activities ~ Syn Tai Hung (Cambodia) Co. Ltd 80 80 Kingdom of Cambodia Trading, distribution and warehousing of building materials and other strategic business Petro-Pipe Engineering Services Sdn. Bhd. 100 100 Malaysia Trading and distribution parts and machineries and other ancillary materials and services WDG Resources Sdn. Bhd. 60 60 e Malaysia Manufacturing, fabrication, trading, distribution and service of industry machinery, equipment and parts Spirolite (M) Sendirian Berhad 100 100 Malaysia Manufacturing and trading of spiral pipes, straight pipes, tubes, tanks and containers Spirolite Marketing Sdn. Bhd. 100 100 Malaysia Dormant * Spirolite (Myanmar) Company Limited 100 100 The Republic of the Union of Myanmar Manufacturing and marketing of polyethylene pipes, fittings and tanks Syn Tai Hung Borneo Sdn. Bhd. 70 70 h Malaysia Trading and distribution of building materials * Wah Seong International Pte Limited 100 100 Hong Kong, SAR Investment holding ~ WSIPL Australia Pty. Ltd. 100 100 Australia Dormant Wah Seong Industrial Holdings Sdn. Bhd. 100 100 Malaysia Investment and property holding and provision of management services Syn Tai Hung Corporation Sdn. Bhd. - b - b Malaysia Dormant (In Member’s Voluntary Winding Up)