Yinson Annual Report 2018

19. INVESTMENT IN SUBSIDIARIES (CONTINUED) Proportion (%) of Name of Countries of ownership interest subsidiaries incorporation 2018 2017 Principal activities Held through Yinson Nereus Ltd: Yinson Camellia Labuan 100 100 Shipping operations Limited and vessel chartering Yinson Dynamic Ltd (iii) Republic of the 100 100 Investment holding Marshall Islands Held through Yinson Acacia Ltd: Yinson Clover Ltd (iii) Republic of the 100 100 Investment holding Marshall Islands Yinson Heather Ltd (iii) Republic of the 100 100 Investment holding Marshall Islands Held through Yinson Heather Ltd: Anteros Rainbow Singapore 100 – Leasing of a FPSO unit Offshore Pte. Ltd. (iv) (i) Audited by member firms of PricewaterhouseCoopers International Limited, which are separate and independent legal entities from PricewaterhouseCoopers PLT. (ii) Subsidiaries newly incorporated during the current financial year. (iii) Company not required to be audited under the laws of the country of incorporation. (iv) During the financial year, Yinson Heather Ltd, an indirect wholly-owned subsidiary of the Group, acquired the remaining 49% equity interest in Anteros Rainbow Offshore Pte. Ltd. (“ARO”). Following the completion of the acquisition, ARO ceased to be a joint venture of the Group and became an indirect wholly-owned subsidiary of the Group. (v) During the financial year, the Company acquired an additional 21% equity interest in Regulus Offshore Sdn. Bhd. (“RO”). Following the completion of the acquisition, RO ceased to be an associate of the Company and became a 70% owned subsidiary of the Group. Notes to the Financial Statements (Cont’d) For the financial year ended 31 January 2018 148 Yinson Holdings Berhad Annual Report 2018 Accountability