219 INTEGRATED ANNUAL REPORT 2024 Key Messages Financial Statements Other Information NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024 Overview of Wasco Berhad Value Creation Commitment to Governance Sustainability Journey 8 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows (continued): Group’s effective interest 2024 % 2023 % Country of incorporation Principal activities Wasco Saito Sdn. Bhd. 51 51 Malaysia Manufacturing accessories and equipment under the brand of ‘Saito’, for disc bowl centrifuge for palm oil industry, manufacturing of decanters model SID550P and 580P for palm oil industry, and manufacturing and development of new products in any industry Petro-Pipe Industrial Corporation Sdn. Bhd. 100 100 Malaysia Investment holding Syn Tai Hung Trading Sdn. Bhd. 100 100 Malaysia Trading and distribution of building materials ~ Syn Tai Hung (Cambodia) Co. Ltd 100 100 Kingdom of Cambodia Trading and warehousing of building materials Syn Tai Hung Borneo Sdn. Bhd. 70 70 Malaysia Trading and distribution of building materials Petro-Pipe Engineering Services Sdn. Bhd. 100 100 Malaysia Trading and distribution parts and machineries and other ancillary materials and services * Wah Seong International Pte Limited 100 100 Hong Kong, SAR Investment holding Wah Seong Industrial Holdings Sdn. Bhd. 100 100 Malaysia Investment and property holding and provision of management services Wasco Capital Sdn. Bhd. (formerly known as WSC Capital Sdn. Bhd.) 100 100 Malaysia Treasury management centre providing services to its related companies within Malaysia and overseas which includes cash financing, debt management, investment services and financial risk management
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