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
%
%
*
Mackenzie Hydrocarbons (Australia) Pty. Ltd.
100
100 Australia
Provision of engineering consultancy and
fabrication services
#
Wasco Engineering Technologies Pte. Ltd.
92
92 Singapore
Engineering and fabrication of oil and gas systems
and equipment.
#
PT. Wasco Engineering Indonesia
87
87 Indonesia
Provision of engineering, design, fabrication and
construction services for oil and gas industry
#
WSM Oil & Gas Services Limited
80
80 Hong Kong, SAR
Dormant
~
Excel Tradition Limited
100
100 British Virgin Islands Dormant
Gas Services International (M) Sdn. Bhd.
-
ª
70 Malaysia
Dormant (In Members’ Voluntary Winding Up)
Wasco Engineering & Technology Inc.
65
65 British Virgin Islands Investment holding and provision of engineering
works and services
#
Wasco E&P Services Limited
100
100 Hong Kong, SAR
Investment holding
#
WSN Investments Limited
100
100 Hong Kong, SAR
Investment holding
*
LTT Oil & Gas Nigeria Limited
100
100 Nigeria
Provision of engineering consultancy, product and
related services to the oil and gas industry
#
Wasco China International Limited
100
100 Hong Kong, SAR
Investment holding, marketing and provision of
services related to the oil and gas industry
*
Ashburn International, Inc.
100
100 United States of
America
International consulting and trading business
*
Ashburn International Trade (Tianjin) Co. Ltd.
65
65 People’s Republic of
China
International trade, processing and assembling,
storage of bonded goods and development of high
technological products and consultancy services
*
Ashburn Offshore Oil & Gas Equipment &
Engineering (Tianjin) Co. Ltd.
65
65
+++
People’s Republic of
China
Design and manufacturing of products to the oil
and gas industry
Jutasama Sdn. Bhd.
100
100 Malaysia
Contracting of industrial engineering projects
Mackenzie Industries Sdn. Bhd.
60
60 Malaysia
Undertaking of steam boilers and energy system
projects
Jutasama Jaya Sdn. Bhd.
100
100 Malaysia
Dormant
#
Jutasama International Limited
100
100 Hong Kong, SAR
Dormant
PMT Energy (Labuan) Ltd.
100
ß
- Federal Territory of
Labuan, Malaysia
Investment holding
PMT Energy Sdn. Bhd.
100
ß
- Malaysia
Project management for biomass power plant
P.M.T.I. Energy (Cambodia) Co. Ltd.
75
ß
- Kingdom of Cambodia Dormant
PMT Industries Sdn. Bhd.
100
×
100 Malaysia
Manufacturing and supplying of spare parts,
equipment and provision of maintenance services
for oil palm and other agricultural industries
98
Wah Seong Corporation Berhad • Annual Report 2014
