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 % Petro-Pipe Industries (M) Sdn. Bhd. 100k 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 ~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 Stellar Marketing Sdn. Bhd. 100 100 Malaysia Dormant Petro-Pipe Engineering Services Sdn. Bhd. 100 100 Malaysia Trading and distribution parts and machineries and other ancillary materials and services WS Integrasi Sdn. Bhd. - 100d Malaysia Dormant (In Member’s Voluntary Winding Up) 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 * Wah Seong International Pte Limited 100 100 Hong Kong, SAR Investment holding 213 Wasco Berhad
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