Wah Seong Corporation Berhad Annual Report 2020

135 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 % Syn Tai Hung Borneo Sdn. Bhd. 70 70 Malaysia Trading and distribution of building materials Spirolite (M) Sendirian Berhad - o 100 Malaysia Manufacturing and trading of spiral pipes, straight pipes, tubes, tanks and containers Spirolite Marketing Sdn. Bhd. - o - Malaysia Dormant (In Member’s Voluntary Winding Up) * Spirolite (Myanmar) Company Limited - o 100 The Republic of the Union of Myanmar Manufacturing and marketing of polyethylene pipes, fittings and tanks for related fluid conveyance products * 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 (Dissolved) Wah Seong Management Services Sdn. Bhd. 100 100 Malaysia Provision of management support services and business management consultancy services WSC Capital Sdn. Bhd. 100 100 Malaysia Treasury management centre providing services to its related companies within Malaysia and overseas which includes cash financing, debt management, investment services and financial risk management Maple Sunpark Sdn. Bhd. 100 100 Malaysia Letting of properties Triple Cash Sdn. Bhd. 79 79 Malaysia Investment and property holding Sunrise Green Sdn. Bhd. 65 65 Malaysia Investment and property holding * Audited by a firm other than member firms of PricewaterhouseCoopers International Limited and PricewaterhouseCoopers PLT. # Audited by a member firm of PricewaterhouseCoopers International Limited which is a separate and independent legal entity from PricewaterhouseCoopers PLT. ~ Companies not required by their local laws to appoint statutory auditors.