MISC Annual Report 2017

NOTES TO THE FINANCIAL STATEMENTS 307 Financial Statements 39. SUBSIDIARIES AND ACTIVITIES (CONT'D.) Name of company Country of incorporation Principal activities Ownership interest and voting interest (%) 2017 2016 Zangwill Business Corp. British Virgin Islands Shipowning 100 100 * 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 40. ASSOCIATES AND ACTIVITIES Name of company Country of incorporation Principal activities Ownership interest and voting interest (%) 2017 2016 MISC Agencies Lanka Pte. Ltd. Sri Lanka In-liquidation 40 40 Trans-ware Logistics (Pvt) Ltd. Sri Lanka Disposed - 25 Nikorma Transport Limited Nigeria LNG transportation 30 30 Eagle Star Management Corp. Philippines Recruitment and provision of manpower for maritime vessels 24 24