Frontken Corporation Berhad 200401012517 (651020-T) • A N N U A L R E P O R T 2 0 2 1 122 NOTES TO THE FINANCIAL STATEMENTS (CONT’D) 13. INVESTMENTS IN SUBSIDIARIES (CONT’D) The details of the subsidiaries are as follows:- (Cont’d) Principal Place Percentage of of Business/ Issued Share Country of Capital Held Name of Subsidiaries Incorporation by Parent Principal Activities 2021 2020 % % Subsidiaries of FMSB Frontken (East Malaysia) Malaysia 100 100 Provision of surface treatment Sdn. Bhd. (“FEM”) 1 technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. Frontken (Johor) Malaysia 100 100 Provision of surface treatment Sdn. Bhd. 1 technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering services. Subsidiaries of FSPL Frontken Projects Singapore - 100 General contractors and process and Pte. Ltd. (“FPPL”) 1, 3 individual plant engineering services. Frontken Philippines Inc 1 Philippines 99.99 99.99 Provision of surface treatment technology using thermal spray coating processes and a series of complementary processes including mechanical and chemical engineering works. Subsidiary of AGTC Ares Green International Samoa - 100 Investment holding. Corporation 1,3 1 The financial statements of the subsidiaries are audited by auditors other than the auditors of the Company. 2 TTES is considered a subsidiary of the Group as the Group has control over the operating and management policies of this subsidiary via the board of directors appointed by the Group. 3 These subsidiaries have been struck off during the current financial year.
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