MISC Annual Report 2019

39. SUBSIDIARIES AND ACTIVITIES (CONT’D.) Effective interest Country of Principal held (%) Name of company incorporation activities 2019 2018 M.I.S.C. Nigeria Ltd. * Nigeria Dormant 60 60 FPSO Ventures Sdn. Bhd. Malaysia Provision of operations and maintenance 51 51 of FPSO, FSO, MOPU and Fixed Facilities and management consultancy Malaysia Offshore Mobile Malaysia Owning mobile offshore production units 100 100 Production (Labuan) Ltd. MTTI Sdn. Bhd. Malaysia In Member’s Voluntary Liquidation 100 100 MISC PNG Shipping Limited Malaysia Investment holding 100 100 Gas Asia Terminal (L) Pte. Ltd. Malaysia Development and ownership of 100 100 LNG floating storage units MISC Offshore Floating Malaysia Owning offshore floating terminals 100 100 Terminals Dua (L) Ltd. Malaysia Offshore Mobile Malaysia Dormant 100 100 Production Dua (Labuan) Ltd. MISC Maritime Services Sdn. Bhd. Malaysia Provision of maritime services and 100 100 consultancy and maritime audit Sungai Udang Port Sdn. Bhd. Malaysia Operation and management of 100 100 Sungai Udang Port Gumusut-Kakap Semi-Floating Malaysia Ownership and leasing of semi-submersible 100 100 Production System (L) Limited floating production system Mekar Bergading Offshore Malaysia Owning, operation and maintenance 100 100 Floating (L) Limited of FSO vessels Eaglestar Marine Malaysia Provision of integrated marine services 100 100 Holdings (L) Pte. Ltd. and investment holding Eaglestar Shipmanagement (L) Malaysia Provision of ship management 100 100 Pte. Ltd. and marine related services 39. SUBSIDIARIES AND ACTIVITIES (CONT’D.) Effective interest Country of Principal held (%) Name of company incorporation activities 2019 2018 Eaglestar Marine (S) Pte. Ltd. # Singapore Hiring of personnel 100 100 Eaglestar Marine B.V. Netherlands Provision of marine and procurement 100 100 services Paramount Tankers Corporation Republic of the Shipowning and operations 100 100 Marshall Islands Atenea Services S.A. British Virgin Shipowning 100 100 Islands Hendham Enterprises Ltd. British Virgin Shipowning 100 100 Islands Odley Worldwide Inc. British Virgin Shipowning 100 100 Islands Oldson Ventures Ltd. British Virgin Shipowning 100 100 Islands Twyford International Business Corp. British Virgin Shipowning 100 100 Islands Zangwill Business Corp. British Virgin Shipowning 100 100 Islands Portovenere and Lerici Malaysia Investment holding 100 100 (Labuan) Pte. Ltd. Portovenere and Lerici Singapore Shipping 100 100 (Singapore) Pte. Ltd. Magellan X Holdings Malaysia Dormant 100 – Sdn. Bhd. # Polaris LNG One Singapore Shipping 100 – Pte. Ltd. Polaris LNG Two Pte. Ltd. Singapore Shipping 100 – AET Labuan Pte. Ltd. Malaysia Investment holding 100 – NOTES TO THE FINANCIAL STATEMENTS 31 December 2019 NOTES TO THE FINANCIAL STATEMENTS 31 December 2019 FINANCIAL STATEMENTS MISC BERHAD PEOPLE. PASSION. POSSIBILITIES ANNUAL REPORT 2019 366 367