SCC Holdings Berhad Annual Report 2019

notes to the financial statement 31 december 2019 (cont’d) 66 SCC Holdings Berhad | Annual Report 2019 6. Investments in Subsidiary Companies Company 2019 2018 RM’000 RM’000 Unqouted shares at cost - In Malaysia 16,300 16,300 - Outside Malaysia 43 - 16,343 16,300 Details of the subsidiary companies are as follows: Name of company Place of business/ Country of incorporation Principal activities Effective interest 2019 2018 % % SCC Corporation Sdn. Bhd. (“SCCC”) Malaysia 100 100 Selling, marketing and distribution of livestock health products and clean feed solutions to feed mills and livestock industries; and selling, marketing and distribution of food service equipment, including provisions of installments, services and supply of ingredients and specialists products for food and beverage industries. Anitox (M) Sdn. Bhd. (“ASB”) Malaysia 100 100 Sale, marketing and distribution of animal health products. SCC Food Manufacturing Sdn. Bhd. (“SCCFM”) Malaysia 100 100 Processing and purchasing products. S-Cnergy Co. Ltd. (“S-Cnergy”)* Cambodia 100 - Import and Export of kitchen supplies Held through SCCC Positive Insight Sdn. Bhd. (“PI”) Malaysia 100 100 Sale, marketing and distribution of animal health products. Knowledge Mission Sdn. Bhd. (“KM”) Malaysia 100 100 Dormant. During the financial year, the Company had subscribed 10,000 ordinary shares of USD1.00 each representing 100% equity interest in S-Cnergy for a total cash consideration of USD10,000, equivalents to RM43,000. Pursuant to that, S-Cnergy became a wholly-owned subsidiary of the Company.