NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 9 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows (continued): Group’s effective interest 2022 % 2021 % Country of incorporation Principal activities 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 WS Integrasi Sdn. Bhd. 100z - Malaysia Dormant 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 Syn Tai Hung Marketing Sdn. Bhd. 60 60 Malaysia Trading, distribution and service of industry machinery, equipment and spare parts; trading and distribution of building materials; marketing, distribution, service, maintenance and assembly of industrial and agricultural equipment STH Edaran Sdn. Bhd. 60 60 Malaysia Marketing, distribution, service, maintenance and assembly of industrial and agricultural equipment Syn Tai Hung Borneo Sdn. Bhd. 70 70 Malaysia Trading and distribution of building materials Wah Seong Corporation Berhad Annual Report 2022 148
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