Wah Seong Corporation Berhad Annual Report 2021 143 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 9 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows (continued): Group’s effective interest 2021 % 2020 % Country of incorporation Principal activities PMT Industries 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-Phoenix Industries Sdn. Bhd. -c -c Malaysia Dormant (In Member’s Voluntary Winding Up) PMT-Dong Yuan Industries Sdn. Bhd. 100 100 Malaysia Fabrication, assembly and supply of machinery and equipment to palm oil industry * PT. PMT Industri 100 100 Indonesia Supply of spare parts, equipment, provision of maintenance services and engineering consultation for palm oil and other agricultural industries Peakvest Sdn. Bhd. 100 100 Malaysia Letting of properties PMT 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 Petro-Pipe Industries (M) Sdn. Bhd. 100 100 Malaysia Investment holding PPI Industries Sdn. Bhd. 100 100 Malaysia Supplying and trading of steel pipes and related products and services Syn Tai Hung Trading Sdn. Bhd. 100 100 Malaysia Trading and distribution of building materials Stellar Marketing Sdn. Bhd. 100 100 Malaysia Dormant ~ Syn Tai Hung (Cambodia) Co. Ltd 100 100 Kingdom of Cambodia Trading and warehousing of building materials Petro-Pipe Engineering Services Sdn. Bhd. 100 100 Malaysia Trading and distribution parts and machineries and other ancillary materials and services WDG Resources Sdn. Bhd. 60 60 Malaysia Trading, distribution, wholesale and retail, renting, leasing and service of industry machinery, equipment and parts
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