WASCO BERHAD 218 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 * Wasco E&P Services Limited 100 100 Hong Kong, SAR Investment holding * Wasco China International Limited 100 100 Hong Kong, SAR Investment holding Wasco Process Engineering Sdn. Bhd. 100 100 Malaysia Contracting of industrial engineering projects Peakvest Sdn. Bhd. 100 100 Malaysia Letting of properties Wasco Greenergy Sdn. Bhd. 100 100f Malaysia Investment and property holding Wasco Thermal Sdn. Bhd. 60 60 Malaysia Undertaking of steam boilers and energy system projects in both local and overseas markets Wasco AgroTech Sdn. Bhd. 100 100 Malaysia Manufacturing and supplying of spare parts, equipment and provision of maintenance services for palm oil and other agricultural industries PMT Industries (Labuan) Ltd. 100 100 Federal Territory of Labuan, Malaysia Supply of equipment for palm oil and other agricultural industries PMT-Dong Yuan Industries Sdn. Bhd. 100 100 Malaysia Fabrication, assembly and supply of machinery and equipment to palm oil industry * PT. Wasco AgroTech Indonesia 100 100 Indonesia Supply of spare parts, equipment, provision of maintenance services and engineering consultation for palm oil and other agricultural industries
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