WASCO BERHAD 216 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 8 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows (continued): Group’s effective interest 2024 % 2023 % Country of incorporation Principal activities * PPSC China Limited 100 100 Hong Kong, SAR Investment holding Wasco Oil Technologies Sdn. Bhd. 100 100 Malaysia Investment holding Wasco Oilfield Services Sdn. Bhd. 49π 49π Malaysia Investment holding Wasco Corrosion Services Sdn. Bhd. 63 63 Malaysia Dormant Wasco Lindung Sdn. Bhd. 48π 48π Malaysia Manufacture, supply and installation of sacrificial anodes, provision of cathodic protection services and equipment, corrosion protection services, passive fire protection services, special paint coating services and provision of technical training services Asiana Emas Sdn. Bhd. 100 100 Malaysia Investment holding Wasco Pipe Sabah Sdn. Bhd. 70 70 Malaysia Manufacturing and sales of spiral welded pipes for the oil and gas industry Wasco Engineering Group Limited 100 100 British Virgin Islands Investment holding
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