My EG Services Berhad Annual Report 2020
ANNUAL REPORT 2020 163 FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2020 (CONT’D) 5. INVESTMENTS IN SUBSIDIARIES (CONT’D) The details of the subsidiaries are as follows:- (cont’d) Name of Subsidiary Principal Place of Business/Country of Incorporation Percentage of Issued Share Capital Held by Parent Principal Activities 2020 2019 % % Subsidiaries of EGSB MYEG Trade Sdn. Bhd. (“MTSB”) Malaysia 100 100 Trading of motor vehicles and provision of ancillary services. MY EG Lodging Sdn. Bhd. (“MLSB”) Malaysia 55 55 Build, own and operate hostels for foreign workers. MYEG Auto Assist Sdn. Bhd. (“MYAA”) Malaysia 100 100 Provision of motor vehicle inspection, repairs, breakdown assistance, and sale of removable motor vehicle spare parts and provision of membership in relation thereto. Subsidiary of Hurr Tv Muca Wellness Sdn. Bhd. (“MUCA”) Malaysia 60 60 General merchants, importers, exporters, distributors and manufacturers of cosmetics, skin care products, healthcare products and pharmaceuticals. Subsidiary of MYEGI MY EG (Indonesia) Sdn. Bhd. (“MYEGIND”) Malaysia 100 100 Investment holding. MY EG (Bangladesh) Sdn. Bhd. (“MYEGBD”) Malaysia 100 100 Investment holding. MY EG (Philippines) Sdn. Bhd. (“MYEGP”) Malaysia 100 100 Investment holding. Subsidiary of MYEGIND PT MYEG Services Indonesia. (“PTMYEG”)^ Indonesia 90 90 To build, own, and operate a digital platform for commercial services. Subsidiary of MLSB MYEG FWA (Tanjong Langsat) Sdn. Bhd. (“MYEGFWA”) Malaysia 100 - Property investment and provision of workers accommodation services. Subsidiary of MYEGM MYEG Pharma Sdn. Bhd. (“MYEGPHA”) # (f.k.a MYEG Medical Technology Sdn Bhd) Malaysia 100 - Manufacturing, trading, export and import, and distribution of medical devices and equipment and related ancillary services.
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