notes to the financial statements
for the financial year ended 31 December 2014 (Continued)
8 INVESTMENT IN SUBSIDIARIES (CONTINUED)
Details of subsidiaries are as follows (continued):
Group’s effective interest Country of
incorporation
2014
2013
Principal activities
%
%
*
Shashi Kanssen (Yadong) Coating Services
Company Limited
-
^^
100 People’s Republic of
China
Dormant (In Members’ Voluntary Winding Up)
*
Kanssen (Yadong) Coating Services (Jingzhou)
Company Limited
100
100 People’s Republic of
China
Provision of pipe coating services
*
PPSC China Limited
100
100 Hong Kong, SAR
Investment holding
Wasco Oil Technologies Sdn. Bhd.
100
100 Malaysia
Investment holding and provision of management
services
Wasco Oilfield Services Sdn. Bhd.
49
π
49
π
Malaysia
Agent and representative for the supply of
equipment and the provision of related services to
the oil drilling and production industry
Wasco Corrosion Services Sdn. Bhd.
63
63 Malaysia
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
Wasco Lindung Sdn. Bhd.
48
π
48
π
Malaysia
Manufacture, supply and installation of sacrificial
anodes, provision of cathodic protection services
and equipment, corrosion protection services,
passive fire protection services and special paint
coating services
PT. MPE Deepwater
-
@
-
@
Indonesia
Dormant (In Members’ Voluntary Liquidation)
Asiana Emas Sdn. Bhd.
100
100 Malaysia
Investment holding
Petro-Pipe (Sabah) Sdn. Bhd.
60
60 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 compressors and designing, engineering
and fabrication of oil and gas processing and
compression systems and equipment
*
PT. Gas Services Indonesia
100
100 Indonesia
Consulting services, rental, repair and maintenance
of natural gas industry equipment
#
Wasco Engineering Services Singapore Pte. Ltd.
100
100 Singapore
Design, engineering and fabrication of oil and
gas processing and compression systems and
equipment
*
Wasco Engineering Australia Pty. Ltd.
100
100 Australia
Dormant
#
Wasco Engineering Equipment Pte. Ltd.
100
100 Singapore
Leasing of equipment and provision of operation
and maintenance, and other related services to the
oil and gas industry
97
Wah Seong Corporation Berhad • Annual Report 2014
