40. SUBSIDIARIES AND PRINCIPAL ACTIVITIES (CONT'D.) Effective interest Country of held (%) Name of company incorporation Principal activities 2021 2020 MISC Serviços de Petróleo Brazil To operate and maintain marine units 100 100 do Brasil Ltda for the exploration and production of oil and natural gas in Brazil and to provide any services related to such activities Gumusut-Kakap Semi-Floating Malaysia Owning and leasing of semi- 100 100 Production System (L) Limited submersible floating production system Mekar Bergading Offshore Malaysia Owning operation and maintenance 100 100 Floating (L) Limited of FSO vessels FPSO Ventures Sdn. Bhd. Malaysia Provision of operations and – 51 maintenance of FPSO, FSO, MOPU and Fixed Facilities and management consultancy to the oil and gas industry Malaysia Marine and Heavy Malaysia Investment holding 66.5 66.5 Engineering Holdings Berhad ^ Malaysia Marine and Heavy Malaysia Provision of oil and gas engineering 66.5 66.5 Engineering Sdn. Bhd. (“MMHE”) and construction works, marine conversion and repair services MMHE LNG Sdn. Bhd. Malaysia Dormant 66.5 66.5 Techno Indah Sdn. Bhd. Malaysia Dormant 66.5 66.5 MMHE EPIC Marine & Services Malaysia Provision of repair services and 46.6 46.6 Sdn. Bhd. dry docking of marine vessels Malaysia Marine and Heavy Saudi Arabia Provision of engineering, 66.5 66.5 Engineering Saudi Limited * procurement, construction, installation and commissioning services for offshore and onshore facilities MHS Integrated Engineering Malaysia Plant turnaround and shutdown 59.9 59.9 Sdn. Bhd. maintenance 40. SUBSIDIARIES AND PRINCIPAL ACTIVITIES (CONT'D.) Effective interest Country of held (%) Name of company incorporation Principal activities 2021 2020 MMHE International Sdn. Bhd. Malaysia Dormant 66.5 66.5 Malaysian Maritime Academy Malaysia Education and training for 100 100 Sdn. Bhd. seamen and maritime personnel MISC Capital (L) Ltd. Malaysia Special purpose vehicle for 100 100 financing arrangement MISC Capital Two Malaysia Special purpose vehicle to finance 100 – (Labuan) Limited the business operation of MISC Bhd or Companies Controlled by it MISC International (L) Ltd. Malaysia Investment holding 100 100 MISC Enterprises Malaysia In Members’ Voluntary Liquidation 100 100 Holdings Sdn. Bhd. MTTI Sdn. Bhd. Malaysia In Members’ Voluntary Liquidation 100 100 MISC Agencies Sdn. Bhd. Malaysia Investment holding 100 100 MISC Agencies (Netherlands) B.V. * Netherlands Property owning 100 100 MISC Agencies India India In liquidation 60 60 Private Limited * MISC Berhad (UK) Limited United Commercial operation 100 100 Kingdom MISC Ferry Services Sdn. Bhd. Malaysia Dormant 100 100 Magellan X Holdings (L) Malaysia Investment holding 100 100 Pte Ltd Magellan X Pte. Ltd # Singapore Providing support services in the 100 100 development of digital products and solutions CHORD X Pte. Ltd # Singapore Providing data-driven solutions 88.5 100 for maritime and industrial machinery application NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 NOTES TO THE FINANCIAL STATEMENTS 31 December 2021 MISC Berhad 436 Integrated Annual Report 2021 MISC Berhad Integrated Annual Report 2021 437 FINANCIAL STATEMENTS FINANCIAL STATEMENTS
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