Press Metal Aluminium Holdings Berhad SECTION 6 • FINANCIAL STATEMENTS 266 Notes to the Financial Statements 7. INVESTMENTS IN SUBSIDIARIES (CONT’D) Details of the subsidiaries are as follows: (cont’d) Name of entity Principal place of business/ Country of incorporation Principal activities Effective ownership interest and voting interest 2024 % 2023 % Direct subsidiaries of PMBA: PMB Central Sdn. Bhd.# Malaysia Marketing of gypsum boards, aluminium extrusion and other related products 89.1 88.3 PMB Northern Sdn. Bhd.# Malaysia Marketing of aluminium and other related products 89.1 88.3 PMB Eastern Sdn. Bhd.# Malaysia Marketing of gypsum boards and other related products 89.1 88.3 PMB Aluminium Sabah Sdn. Bhd.# Malaysia Marketing of all types of aluminium sections, gypsum boards and other related products 89.1 88.3 Press Metal PV (Sarawak) Sdn. Bhd. (formerly known as PMBA (Sarawak) Sdn. Bhd.)#% Malaysia Dormant 89.1 - Direct subsidiaries of PMB: PMB Development Sdn. Bhd. and its subsidiary, Malaysia Dormant 100.0 100.0 PMB Spectrum Sdn. Bhd. (“PMBS”) Malaysia Under Members’ Voluntary winding up 60.0 60.0 Wesama Sdn. Bhd. and its subsidiary, Malaysia Investment holding 100.0 100.0 Ace Extrusion Sdn. Bhd.^^ Malaysia Dissolved - 100.0 PT Press Metal Indonesia* Indonesia Dormant 100.0 100.0 Everpress Aluminium Industries Sdn. Bhd. (“EVERPRESS”)*& Malaysia Investment holding 100.0 -
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