Wah Seong Corporation Berhad Annual Report 2020

131 ANNUAL REPORT 2020 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 Energy De Mexico S.A.DE C.V. - i - i Mexico Dormant (In Member’s Voluntary Liquidation) ~ Wasco Kanssen Limited 100 100 British Virgin Islands Investment holding and provision of pipe coating services * Jingzhou Wasco Kanssen Offshore Petroleum Engineering Co., Ltd. 100 100 People’s Republic of China Provision of pipe coating services * Kanssen (Yadong) Coating Services (Jingzhou) Company Limited 100 100 People’s Republic of China Provision of pipe coating services * PPSC China Limited 100 100 Hong Kong, SAR Investment holding Wasco Oil Technologies Sdn. Bhd. 100 100 Malaysia Investment holding and provision of management services Wasco Oilfield Services Sdn. Bhd. 49 π 49 π Malaysia Investment holding Wasco Corrosion Services Sdn. Bhd. 63 63 Malaysia 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 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 (Liquidated) Asiana Emas Sdn. Bhd. 100 100 Malaysia Investment holding Petro-Pipe (Sabah) Sdn. Bhd. 70 70 d 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