299 ANNUAL REPORT 2022 ACCOUNTABILITY NOTES TO THE FINANCIAL STATEMENTS (CONT’D) For the financial year ended 31 January 2022 Name of joint ventures Countries of incorporation Proportion (%) of ownership interest Principal activities 2022 2021 Held through Yinson Clover Ltd: PTSC Ca Rong Do Ltd Republic of the Marshall Islands 49 49 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction Held through YR Crucoli Pte Ltd: Limes 5 S.r.l. (b) Italy 50 - Dormant Held through YR Mazara Pte Ltd: Limes 22 S.r.l. (b) Italy 50 - Dormant Held through Yinson Green Technologies (M) Sdn. Bhd. eMoovit Technology Sdn. Bhd. (c) Malaysia 66.1 - Development on autonomous driving (a) Audited by member firms of PricewaterhouseCoopers International Limited, which are separate and independent legal entities from PricewaterhouseCoopers PLT. (b) Acquisition during the current financial year. (c) On 28 October 2021, Yinson Green Technologies (M) Sdn. Bhd. completed the acquisition of its 66.1% equity interest in eMoovit Technology Sdn. Bhd. for a total cash consideration of RM9 million. 20. Investment in joint ventures (continued) Details of joint ventures are as follows: (continued)
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