Yinson Annual Report 2021

262 YINSON HOLDINGS BERHAD SECTION 07 : ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2021 20. Investment in joint ventures (continued) Company 2021 2020 RM million RM million Unquoted shares at cost: - Outside Malaysia 120 120 Details of joint ventures are as follows: Name of joint ventures Countries of incorporation Proportion (%) of ownership interest Principal activities 2021 2020 PTSC Asia Pacific Pte. Ltd. (a) Singapore 49 49 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction PTSC South East Asia Pte. Ltd. (a) Singapore 49 49 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction Held through Yinson Production Pte. Ltd.: Yinson Production West Africa Limited (a) Ghana 49 49 Provision of operations and maintenance of floating marine assets to the offshore oil and gas industry Held through Yinson Ghacacia Ltd: Yinson Gazania Operations Limited (a) Ghana 49 49 Provision of operations and maintenance of floating marine assets to the offshore oil and gas industry Held through Yinson Clover Ltd: PTSC Ca Rong Do Ltd Republic of the Marshall Islands 49 49 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction (a) Audited by member firms of PricewaterhouseCoopers International Limited, which are separate and independent legal entities from PricewaterhouseCoopers PLT.