Yinson Annual Report 2020

264 Notes to the financial statements (cont’d) For the financial year ended 31 January 2020 Yinson Holdings Berhad SECTION 7 ACCOUNTABILITY 19. Investment in subsidiaries (CONTINUED) (a) Details of subsidiaries are as follows: (continued) Name of subsidiaries Countries of incorporation Proportion (%) of ownership interest Principal activities 2020 2019 Held through Yinson Ghacacia Ltd and Yinson Gazania Operations Limited: Yinson Gazania Production Ltd. Republic of the Marshall Islands 94.9 94.9 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction Held through Yinson Heather Ltd: Anteros Rainbow Offshore Pte. Ltd. (i) Singapore 100 100 Dormant Held through Yinson Production AS: Adoon AS (i) Norway 100 100 Investment holding Allan AS (i) Norway 100 100 Investment holding Floating Operations and Production Pte. Ltd. (i) Singapore 100 100 Provision of operations and maintenance of floating marine assets to the offshore oil and gas industry Yinson Lavender Operations Sdn. Bhd. Malaysia 100 100 Provision of operations and maintenance of floating marine assets to the offshore oil and gas industry Yinson Operations & Production West Africa Limited (i)(vii) Nigeria 40 40 Provision of operations and maintenance of floating marine assets to the offshore oil and gas industry