284 YINSON HOLDINGS BERHAD ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 19. Investment in subsidiaries (continued) (a) Details of subsidiaries are as follows: (continued) Name of subsidiaries Countries of incorporation Proportion (%) of ownership interest Principal activities 2022 2021 Yinson Marine Services Sdn. Bhd. Malaysia 100 100 Provision of work permit and consultancy services Yinson Mawar Sdn. Bhd. Malaysia 100 100 Investment in properties Yinson Offshore Limited (v) Labuan 100 100 Dormant Yinson Production Limited Labuan 100 100 Investment holding Yinson Tulip Ltd. Labuan 100 100 Dormant Held through the Company and Yinson Global Corporation (HK) Limited: Yinson Offshore Services Sdn. Bhd. Malaysia 100 100 Investment holding Held through the Company and Yinson Production Capital Pte. Ltd.: Yinson Macacia Limited Labuan 100 100 Investment holding Held through Yinson Ghacacia Ltd and Yinson Gazania Operations Limited: Yinson Gazania Production Ltd. Republic of the Marshall Islands 95 95 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction Held through Yinson Global Corporation (S) Pte. Ltd.: Yinson Global Corporation (HK) Limited (i) Hong Kong 100 100 Investment holding
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