Wah Seong Corporation Berhad Annual Report 2020

130 WAH SEONG CORPORATION BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 9 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows (continued): Group’s effective interest Country of incorporation Principal activities 2020 % 2019 % * Wasco Coatings Middle East QFZ LLC 60 60 k State of Qatar Provision of anti-corrosion and concrete weight coating of pipelines to the oil and gas industry Wasco Coatings Services Sdn. Bhd. 100 100 Malaysia Provision of pipe coating and related services to the oil and gas industry # Wasco Coatings Norway AS 100 100 Norway Dormant ~ Wasco Coatings Europe B.V. 100 100 The Netherlands Provision of pipe coating and related services to the oil and gas industry ~ Wasco-PAP Services Ghana Limited - j - j The Republic of Ghana Provision of services for the oil and gas sector # Wasco Coatings Germany GmbH 100 100 Germany Provision of pipe coating and related services to the oil & gas industry # Wasco Coatings Germany (Plant and Equipment) GmbH 100 100 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 Finland Provision of pipe coating and related services to the oil & gas industry # Wasco Coatings Finland (Plant and Equipment) Oy 100 100 Finland Provision of pipe coating and related services to the oil & gas industry and the leasing of land, building and coating equipment 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