Wah Seong Corporation Berhad Annual Report 2020

134 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 % Peakvest Sdn. Bhd. 100 100 Malaysia Letting of properties PMT Saito Sdn. Bhd. 51 51 Malaysia Manufacturing accessories and equipment under the brand of ‘Saito’, for disc bowl centrifuge for palm oil industry, manufacturing of decanters model SID550P and 580P for palm oil industry, and manufacturing and development of new products in any industry Petro-Pipe Industrial Corporation Sdn. Bhd. 100 100 Malaysia Investment holding Petro-Pipe Industries (M) Sdn. Bhd. 100 100 Malaysia Investment holding PPI Industries Sdn. Bhd. 100 100 Malaysia Supplying and trading of steel pipes and related products and services Syn Tai Hung Trading Sdn. Bhd. 100 100 Malaysia Trading and distribution of building materials Stellar Marketing Sdn. Bhd. 100 100 Malaysia Dormant ~ Syn Tai Hung (Cambodia) Co. Ltd 100 100 f Kingdom of Cambodia Trading and warehousing of building materials 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 Malaysia Trading, distribution, wholesale and retail, renting, leasing and service of industry machinery, equipment and parts Syn Tai Hung Marketing Sdn. Bhd. 60 60 Malaysia Trading, distribution and service of industry machinery, equipment and spare parts; trading and distribution of building materials; marketing, distribution, service, maintenance and assembly of industrial and agricultural equipment STH Edaran Sdn. Bhd. (formerly known as LT Steam Energy Sdn Bhd) 60 l - Malaysia Marketing, distribution, service, maintenance and assembly of industrial and agricultural equipment