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Frontken Corporation Berhad (651020-T)
ANNUAL REPORT
2016
11. INVESTMENTS IN SUBSIDIARIES (CONT’D)
Details of the subsidiaries are as follows:
Name of Subsidiaries
Principal Place
of Business
Percentage of Issued
Share Capital Held
by Parent
Principal Activities
2016
2015
%
%
Subsidiaries of the Company
Frontken Malaysia
Sdn. Bhd. (“FMSB”)
2
Malaysia
100
100 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering works.
Frontken (Singapore)
Pte. Ltd. (“FSPL”)
1
Singapore
100
100 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering works.
PT Frontken Indonesia
1
Indonesia
95
95 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering works.
TTES Frontken Integrated
Services Sdn. Bhd. (“TTES”)
2,3
Malaysia
45
45 Engaged in the business of turbo machinery
technical engineering services.
Frontken Technology
Corporation (“FTC”)
1
Taiwan
-
100 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering works.
Ares Green Technology
Corporation (“AGTC”)
1
Taiwan
73.22 41.27 Provision of surface treatment and advanced
precision cleaning for the TFT - LCD (Thin
Film Transistor - Liquid Crystal display) and
semi-conductor industries.
Subsidiaries of FMSB
Frontken (East Malaysia) Sdn.
Bhd.
2
Malaysia
100
100 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering works.
Frontken (Johor) Sdn. Bhd.
2
Malaysia
100
100 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering
services.
Frontken Projects Sdn. Bhd.
(“FPSB”)
2
Malaysia
100
60.07 Provision of surface metamorphosis technology
using thermal spray coating processes and a
series of complementary processes including
mechanical and chemical engineering
services.
Subsidiaries of FSPL
Frontship Pte. Ltd.
1
Singapore
100
100 Procurement
of
materials,
equipment
consumable parts and engineering services.
Notes To The Financial Statements
(cont’d)