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
%
%
#
PMT Industries (HK) Limited
100
×
100 Hong Kong, SAR
Dormant
PMT Industries (Labuan) Ltd.
100
×
100 Federal Territory of
Labuan, Malaysia
Supply of equipment for power, oil palm and other
agricultural industries
PMT-Phoenix Industries Sdn. Bhd.
83
×
83 Malaysia
Dormant
PMT-Dong Yuan Industries Sdn. Bhd.
100
×
100 Malaysia
Fabrication, assembly and supply of machinery and
equipment to oil palm industry
*
PT. PMT Industri
100
×
100 Indonesia
Supply of spare parts, equipment, provision of
maintenance services and engineering consultation
for oil palm and other agricultural industries
*
PT. PMT Phoenix Industries
60
×
60 Indonesia
Manufacturing of industrial fans component parts
and other related services
Wah Seong Industrial Holdings Sdn. Bhd.
100
100 Malaysia
Investment holding
Syn Tai Hung Corporation Sdn. Bhd.
100
100 Malaysia
Dormant
WSC Capital Sdn. Bhd. (formerly known as PPSC
Property Sdn. Bhd.)
100
100 Malaysia
Dormant
Wah Seong Ventures Sdn. Bhd.
100
100 Malaysia
Investment holding
E-Green Technology Sdn. Bhd.
100
100
∞∞
Malaysia
Dormant
Petro-Pipe Industrial Corporation Sdn. Bhd.
100
100 Malaysia
Investment holding
Petro-Pipe Industries (M) Sdn. Bhd.
100
100 Malaysia
Manufacturing and sales of welded steel pipes and
related products
PPI Industries Sdn. Bhd.
100
100 Malaysia
Manufacturing and sales of welded steel pipes and
related products
Syn Tai Hung Trading Sdn. Bhd.
100
100 Malaysia
Trading and distribution of building materials
STH Sri Bulatan Sdn. Bhd.
100
100 Malaysia
Dormant
Stellar Marketing Sdn. Bhd.
100
100 Malaysia
Dormant
Petro-Pipe Engineering Services Sdn. Bhd.
100
100 Malaysia
Trading of machinery and spare parts and provision
of technical and engineering services
Spirolite (M) Sendirian Berhad
100
100
##
Malaysia
Manufacturing and trading of spiral pipes, straight
pipes, tubes, tanks and containers
Advanced Piping Systems Sdn. Bhd.
100
100
##
Malaysia
Manufacturing and trading of straight pipes and
fittings
Spirolite Marketing Sdn. Bhd.
100
100
##
Malaysia
Trading of spiral pipes, straight pipes, tubes, tanks
and containers
#
Wah Seong International Pte Limited
100
100 Hong Kong, SAR
Investment holding
*
WSIPL Australia Pty. Ltd
100
100 Australia
Dormant
Maple Sunpark Sdn. Bhd.
100
100
@@
Malaysia
Investment holding
99
Wah Seong Corporation Berhad • Annual Report 2014
