40. Associates and activities Name of company Country of incorporation Principal activities Ownership interest and voting interest (%) 2016 2015 BLG MILS Logistics Sdn. Bhd. ** Malaysia Automotive solutions and related integrated logistic services – 60 Rais - Mils Logistic FZCO United Arab Emirates In-liquidation – 50 MISC Agencies Lanka Pte. Ltd. Sri Lanka In-liquidation 40 40 Trans-ware Logistics (Pvt) Ltd. Sri Lanka Inland container depot 25 25 Nikorma Transport Limited Nigeria LNG transportation 30 30 Eagle Star Crew Management Corp. Philippines Recruitment and provision of manpower for maritime vessels 24 24 ** Although the Group holds 60% effective interest in BLG MILS Logistics Sdn. Bhd. (“BML”), BML is deemed to be an associate as the Group in the previous financial year since it was unable to exercise control over the financial and operating policies of the economic activities of BML. 41. Joint arrangements and activities (a) Joint ventures and activities Name of company Country of incorporation Principal activities Ownership interest and voting interest (%) 2016 2015 Malaysia Vietnam Offshore Terminal (L) Ltd. **** Malaysia FSO owner 51 51 Vietnam Offshore Floating Terminal (Ruby) Ltd. *** Malaysia FSO owner 40 40 MISC BERHAD • Annual Report 2016 328 notes to the financial statements - 31 december 2016
RkJQdWJsaXNoZXIy NDgzMzc=