Kimlun Corporation Berhad Annual Report 2017

Kimlun Corporation Berhad 94 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 (cont’d) 15. Investment in subsidiaries Company 2017 2016 RM RM Unquoted shares, at cost 202,818,796 177,659,999 Details of the subsdiaries are as follows : Proportion (%) Country of of ownership Name incorporation Principal activities interest 2017 2016 Held by the Company: Kimlun Sdn. Bhd. Malaysia Building and infrastructure 100 100 contractors SPC Industries Sdn. Bhd. Malaysia Ready mix concrete production 100 100 and manufacturing of pre-cast concrete products Kimlun Land Sdn. Bhd. Malaysia Investment holding, property 100 100 investment and development KL Building Materials Malaysia Manufacturing and trading of all 100 100 Sdn. Bhd. kinds of building and construction materials, and provision of quarry services and machinery rental services I-Buildtech Solutions * Singapore Provision of industrial building 100 100 Pte Ltd systems and the supply of construction and building materials Held through Kimlun Sdn Bhd: Kimlun Superior Crest Malaysia Building and infrastructure 60 60 Sdn. Bhd. contractors Held through Kimlun Land Sdn Bhd: Kimlun Medini Sdn. Bhd. Malaysia Property development and 100 100 property investment Kitaran Lintas Sdn. Bhd. Malaysia Property development and 100 100 property investment Kiiville Sdn Bhd Malaysia Property development and 100 - property investment Kii Ashbury Sdn Bhd Malaysia Property development and 100 - property investment Kii Morris Sdn Bhd Malaysia Property development and 100 - property investment * Audited by a firm of chartered accountants other than Ernst & Young