294 YINSON HOLDINGS BERHAD ACCOUNTABILITY 49. LIST OF SUBSIDIARIES, JOINT VENTURES AND ASSOCIATES (CONTINUED) Details of subsidiaries, joint ventures and associates are as follows: (continued) Name of company Countries of incorporation Place of business Group’s effective interest (%) Principal activities 2025 2024 Other Operations – Subsidiaries (continued) Yinson Ghacacia Ltd.(iv) Republic of the Marshall Islands Republic of the Marshall Islands 100 100 Investment holding Yinson Gazania Production Ltd. Republic of the Marshall Islands Republic of the Marshall Islands 94.9 94.9 Provision of floating marine assets for chartering and service activities incidental to oil and gas extraction Yinson Tulip Ltd. Labuan, Malaysia Labuan, Malaysia 100 100 Dormant Yinson International Pte. Ltd.(i) Singapore Singapore 100 100 Provision of treasury management services to companies within the Group Yinson Juniper Ltd. British Virgin Islands British Virgin Islands 100 100 Provision of treasury management services to companies within the Group Yinson TMC Sdn. Bhd. Malaysia Malaysia 100 100 Provision of treasury management services to companies within the Group Compass Rose Insurance Co., Ltd.(iii) Cayman Islands Cayman Islands 100 - Provision of insurance and assurance business including business of reinsurance and reassurance Other Operations – Joint Ventures PTSC Ca Rong Do Ltd.(v) Republic of the Marshall Islands Vietnam 49 49 Dormant Yinson Gazania Operations Limited(i) Ghana Ghana 49 49 Provision of operations and maintenance of floating marine assets to the offshore oil and gas industry Notes: i. Audited by member firms of PricewaterhouseCoopers International Limited, which are separate and independent legal entities from PricewaterhouseCoopers PLT. ii. Audited by audit firms other than PricewaterhouseCoopers. iii. Subsidiaries newly incorporated during the current financial year. iv. Companies not required to be audited under the laws of the country of incorporation. v. Company not required to be audited due to status being in member’s voluntary winding-up, in liquidation or dissolution. vi. Auditor not appointed as at 31 January 2025. vii. The acquisitions of these companies in the Group are disclosed in Note 47. viii. The Group has concluded that it controls Yinson Energy Sdn. Bhd., even though it holds 30% equity interest in this subsidiary. Based on an agreement signed between the shareholders, the Company has majority representation on the Board of Directors, which is responsible for directing the relevant activities. All decisions of the Board of Directors only require a simple majority vote to be passed. ix. The Group has concluded that it controls Yinson Operations & Production West Africa Limited, even though it holds 40% equity interest in this subsidiary. Based on an agreement signed between the shareholders, the Company has majority representation on the Board of Directors, which is responsible for directing the relevant activities. All decisions of the Board of Directors only require a simple majority vote to be passed. x. Companies disposed, liquidated or struck off during the current financial year. xi. The dilutions or disposals of these companies in the Group are disclosed in Note 48. xii. The Group has concluded that it controls Yinson Production West Africa Limited, even though it holds 49% equity interest in this subsidiary. Based on an agreement signed between the shareholders, a subsidiary of the Company has majority representation on the Board of Directors, which are responsible for directing the relevant activities. Matters presented to the Board shall be approved upon receiving affirmative vote of a simple majority of the Directors.
RkJQdWJsaXNoZXIy NDgzMzc=