Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 121 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 13. INVESTMENTS IN SUBSIDIARIES (CONT’D) The details of the subsidiaries are as follows:- Principal Place Percentage of of Business/ Issued Share Country of Capital Held Name of Subsidiaries Incorporation by Parent Principal Activities 2021 2020 % % Subsidiaries of the Company Frontken Malaysia Malaysia 100 100 Provision of surface treatment Sdn. Bhd. (“FMSB”) technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. Frontken (Singapore) Singapore 100 100 Provision of surface treatment Pte. Ltd. (“FSPL”) 1 technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. PT Frontken Indonesia 1 Indonesia 95 95 Provision of surface treatment technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. TTES Frontken Integrated Malaysia 45 45 Engaged in the business of turbo Services Sdn. Bhd. (“TTES”) 1, 2 machinery technical engineering services. Ares Green Technology Taiwan 91.79 91.25 Provision of surface treatment and Corporation (“AGTC”) 1 advanced precision cleaning for the TFT - LCD (Thin Film Transistor - Liquid Crystal Display) and semi-conductor industries.
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