Notes to the Financial Statements FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 9 INVESTMENT IN SUBSIDIARIES (CONTINUED) Details of subsidiaries are as follows (continued): Group’s effective interest Country of incorporation Principal activities 2023 % 2022 % Wasco Oil Technologies Sdn. Bhd. 100 100 Malaysia Investment holding Wasco Oilfield Services Sdn. Bhd. 49p 49p Malaysia Investment holding Wasco Corrosion Services Sdn. Bhd. 63 63 Malaysia Dormant Wasco Lindung Sdn. Bhd. 48p 48p Malaysia Manufacture, supply and installation of sacrificial anodes, provision of cathodic protection services and equipment, corrosion protection services, passive fire protection services, special paint coating services and provision of technical training services Asiana Emas Sdn. Bhd. 100 100 Malaysia Investment holding Wasco Pipe (Sabah) Sdn. Bhd. (formerly known as PetroPipe (Sabah) Sdn. Bhd.) 70 70 Malaysia Manufacturing and sales of spiral welded pipes for the oil and gas industry Wasco Engineering Group Limited 100 100 British Virgin Islands Investment holding # Wasco Engineering International Ltd. 100 100 British Virgin Islands Leasing of compressors and power generators, designing, engineering and fabrication and sale of gas processing and compression systems and gas based power generators; and servicing and selling parts of oil and gas processing and compression systems * WEGL Services India Private Limited -l -l India Dormant * PT Wasco Engineering International 100 100 Indonesia Dormant * WS Engineering & Fabrication Pte. Ltd. 100 100 Singapore Design, engineering and fabrication of oil and gas processing and compression systems and equipment Integrated Annual Report 2023 210
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