Yinson Annual Report 2021

252 YINSON HOLDINGS BERHAD SECTION 07 : ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2021 Name of subsidiaries Countries of incorporation Proportion (%) of ownership interest Principal activities 2021 2020 Held through Yinson Global Corporation (HK) Limited: (continued) Yinson TMC Sdn. Bhd. (vii) Malaysia 100 100 Provision of treasury management services to companies within the Group Held through Yinson Green Technologies Pte. Ltd.: Yinson Electric Pte. Ltd. (iii)(vi) Singapore 100 - Investment in and development of electric vessels and other related technologies Yinson Mobility Pte. Ltd. (iii)(vi) Singapore 100 - Investment in and development of electric bus designs and other vehicle related technologies Yinson Ocean Pte. Ltd. (iii)(vi) Singapore 100 - Investment in and development of ocean technologies Yinson Venture Capital Pte. Ltd. (iii)(vi) Singapore 100 - Investment in green tech funds and small technology start-ups Held through Yinson Production Offshore Pte. Ltd.: Yinson Acacia Ltd Republic of the Marshall Islands 100 100 Investment holding Yinson Production AS (i) Norway 100 100 Investment holding and provision of management services Yinson Production Capital Pte. Ltd. (formerly known as Yinson Malva Production Pte. Ltd.) (i)(vii) Singapore 100 100 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction Yinson Production EPC Pte. Ltd. (i)(iii) Singapore 100 - Investment holding and provision of engineering, procurement and construction for floating production system and management services 19. Investment in subsidiaries (continued) (a) Details of subsidiaries are as follows: (continued)