77
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
16.
Investments in subsidiaries
(continued)
Details of subsidiaries are as follows: (continued)
Name of companies
Principal activities
Country of
business/
incorporation
Effective
equity holding
2014
%
2013
%
Held by the company (continued)
Vac-Tech Engineering Pte Ltd
(“Vac-Tech”)
(a)
Sludge treatment, catalyst
handling, environmental
services and industrial
cleaning services
Singapore
70
70
Chinyee Engineering &
Machinery Pte Ltd
(“Chinyee”)
(a)
Supply of oil & gas equipment
and precision engineering
services
Singapore
100
100
S&W Pte Ltd (“S&W”)
(a) (g)
Fabrication of heat exchanger,
pressure vessel, air cooler
heat exchanger and skid
packager
Singapore
100
100
MAG Offshore Marine Pte Ltd
(e)
Buying and selling of marine
equipment, shipbuilding and
repair
Singapore
51
–
Held by Marine
Mencast Marine (HK) Limited
(e)
Inactive
Hong Kong
100
100
Held by Energy
Mencast Energeers Pte Ltd
(a)
Inactive
Singapore
70
70
Held by Top Great
PT. Top Great Engineering &
Marine
(b)
Fabrication of steel structure,
ship building and repairs
Indonesia
100
100
Mencast Engineering Sdn Bhd
(“MESB”)
(c)
Engineering construction and
development work
Malaysia
100
100
Top Great Holdings Pte Ltd
(a)
Investment holding
Singapore
100
100
Held by Top Great Holdings
Pte Ltd
Top Great Engineering Services
LLC
(d)
Provision of marine services Sultanate of
Oman
100
100
Held by MESB
Mencast Offshore Sdn Bhd
(c)
Inactive
Malaysia
100
100
