Wah Seong Corporation Berhad Annual Report 2019

130 WAH SEONG CORPORATION BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 10 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows (continued): Group’s effective interest 2019 % 2018 % Country of incorporation Principal activities # Wasco Coatings Germany GmbH 100 100 Germany Provision of pipe coating and related services to the oil & gas industry # Wasco Coatings Germany (Plant and Equipment) GmbH 100 100 Germany Provision of pipe coating and related services to the oil & gas industry and the leasing of land, building and coating equipment # Wasco Coatings Finland Oy 100 100 Finland Provision of pipe coating and related services to the oil & gas industry # Wasco Coatings Finland (Plant and Equipment) Oy 100 100 Finland Provision of pipe coating and related services to the oil & gas industry and the leasing of land, building and coating equipment PPSC Industrial Holdings Sdn. Bhd. 100 100 Malaysia Investment holding Wasco Resources Sdn. Bhd. 100 100 Malaysia Property investment holding Wasco Coatings Malaysia Sdn. Bhd. 70 70 Malaysia Coating of pipes for the oil and gas industry Wasco Coatings Insulation Sdn. Bhd. 70 70 Malaysia Coating of pipes for the oil and gas industry # Wasco Coatings HK Limited 100 100 Hong Kong, SAR Investment holding, construction of coating plants, marketing and provision of pipe coating and related services to the oil and gas industry ~ Wasco Energy De Mexico S.A.DE C.V. - r 100 Mexico Dormant (In Member’s Voluntary Liquidation) ~ Wasco Kanssen Limited 100 100 British Virgin Islands Investment holding and provision of pipe coating services * Jingzhou Wasco Kanssen Offshore Petroleum Engineering Co., Ltd. 100 100 People’s Republic of China Provision of pipe coating services * Kanssen (Yadong) Coating Services (Jingzhou) Company Limited 100 100 People’s Republic of China Provision of pipe coating services * PPSC China Limited 100 100 Hong Kong, SAR Investment holding Wasco Oil Technologies Sdn. Bhd. 100 100 Malaysia Investment holding and provision of management services