39. Subsidiaries and activities (cont’d.) Name of company Country of incorporation Principal activities Ownership interest and voting interest (%) 2016 2015 Sungai Udang Port Sdn. Bhd. Malaysia Operation and management of Sungai Udang Port 100 100 Gumusut-Kakap Semi-Floating Production System (L) Limited @ Malaysia Asset ownership and leasing of semi -submersible floating production system 100 50 Paramount Tankers Corporation @ Republic of the Marshall Islands Shipowning and operations 100 50 Atenea Services S.A. @ British Virgin Islands Shipowning 100 50 Hendham Enterprises Ltd. @ British Virgin Islands Shipowning 100 50 Odley Worldwide Inc. @ British Virgin Islands Shipowning 100 50 Oldson Ventures Ltd. @ British Virgin Islands Shipowning 100 50 Twyford International Business Corp. @ British Virgin Islands Shipowning 100 50 Zangwill Business Corp. @ British Virgin Islands Shipowning 100 50 * Audited by firms of auditors other than Ernst & Young # Audited by affiliates of Ernst & Young Malaysia ^ Listed on the Main Board of Bursa Malaysia Securities Berhad ^^ Newly incorporated during the year @ Upon acquiring full control as disclosed in Note 15, this company ceased to be a joint venture of the Group. Financial Statements 327
RkJQdWJsaXNoZXIy NDgzMzc=