Yinson Annual Report 2020

266 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 Macacia Limited: Yinson Lavender Limited Labuan 100 100 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction Held through Yinson Nereus Ltd: Yinson Dynamic Ltd (iii) Republic of the Marshall Islands 100 100 Dormant Held through Yinson Offshore Services Limited: Yinson Offshore Marine Limited Labuan 100 100 Investment holding Held through Yinson Offshore Marine Limited: Yinson Camellia Limited Labuan 100 100 Chartering of offshore support vessels Held through Yinson Offshore Services Sdn. Bhd.: Regulus Offshore Sdn. Bhd. (iv) Malaysia 70 70 Provision of leasing, operations and maintenance of vessels Yinson Camellia Sdn. Bhd. (ii) Malaysia 100 - Chartering of offshore support vessels