Yinson Annual Report 2018

21. INVESTMENT IN ASSOCIATES (CONTINUED) Details of associates are as follows: Proportion (%) of Name of Countries of ownership interest associates incorporation 2018 2017 Principal activities Yinson Energy Malaysia 30 30 Provision of oil and gas engineering Sdn. Bhd. and marine support services and consultancy services Regulus Offshore Malaysia – 49 Provision of ship and crew Sdn. Bhd. (d) management services Held through Yinson Production AS: Floating Operations Nigeria 40 40 Provision of technical management & Production and FPSO management services West Africa Ltd (a) Held through Yinson Dynamic Ltd: OY Genesis Ltd (b) Republic of the 49 49 Dormant Marshall Islands OY Jasper Ltd (b) Republic of the 49 49 Dormant Marshall Islands OY Topaz Ltd (b) Republic of the 49 49 Dormant Marshall Islands Held through Yinson Acacia Ltd: Yinson Operations Nigeria 40 40 Provision of technical management & Production and FPSO management services West Africa Limited (c) (a) Audited by a firm other than member firm of PricewaterhouseCoopers International Limited and PricewaterhouseCoopers PLT. (b) Company not required to be audited under the laws of the country of incorporation. (c) Auditor not appointed yet. (d) 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 became a 70% owned subsidiary of the Group. Corporate Overview Stewardship Governance Accountability 155 Yinson Holdings Berhad Annual Report 2018