Effective ownership interest and
Country of voting interest
Name of subsidiary incorporation Principal activities 2013 2012
% %
Kencana Kesuma Sdn. Bhd. Malaysia Dormant 100 100
Gerbang Mawar Sdn. Bhd. Malaysia Dormant 100 100
Satria Megajuta Sdn. Bhd. Malaysia Dormant 100 100
Subsidiaries of Salcon Engineering Berhad:
Salcon-Centrimax Engineering Malaysia Dormant 100 100
Sdn. Bhd.
Precise Metal Sdn. Bhd. Malaysia Dormant 100 100
Salcon Power Sdn. Bhd. Malaysia Investment holding 100 100
Salcon Resources Sdn. Bhd. Malaysia Dormant 100 100
Salcon Environmental Malaysia Operation and maintenance 100 100
Services Sdn. Bhd. of water treatment plants.
Envitech Sdn. Bhd. Malaysia Design, building, operation 60 60
and maintenance of wastewater and sewage treatment plants.
Glitteria Sdn. Bhd. @ Malaysia Provision of engineering works 50 50
Bumi Tiga Enterprise Sdn. Bhd. Malaysia Investment holding 100 100
Salcon Corporation Sdn. Bhd. Malaysia Dormant 100 100
Salcon (Perak) Sdn. Bhd. @ Malaysia Dormant 40 40
Tanjung Jutaria Sdn. Bhd. Malaysia Dormant 100 100
Salcon (Sarawak) Sdn. Bhd. Malaysia Dormant 100 100
Salcon Holdings (Mauritius) Mauritius Investment holding 100 100
Limited ^
Salcon Engineering Vietnam Vietnam Dormant 100 100
Company Limited ^
Notes to the Financial Statements (cont’d)
7. Investments in subsidiaries (continued)
Effective ownership interest and
Country of voting interest
Name of subsidiary incorporation Principal activities 2013 2012
% %
Subsidiaries of Bumi Tiga Enterprise Sdn. Bhd.:
Skeel Engineering Sdn. Bhd. Malaysia Dormant 100 100
Salcon Building Services Malaysia Dormant 100 100
Sdn. Bhd.
Eagle Metalizing & Coatings Malaysia Dormant 60 60
Company Sdn. Bhd. *
Subsidiaries of Salcon Water (Asia) Limited:
Salcon Fujian (HK) Limited $ Hong Kong Investment holding company 60 60
involved in water supply projects in the People’s Republic of China via its subsidiary.
Salcon Linyi (HK) Limited $ Hong Kong Investment holding company 60 60
involved in water supply projects in the People’s Republic of China via its subsidiary.
Salcon Zhejiang (HK) Hong Kong Investment holding company 60 60
Limited $ involved in water supply
projects in the People’s Republic of China via its subsidiary.
Salcon Shandong (HK) Hong Kong Investment holding company 60 60
Limited $ involved in water supply
projects in the People’s Republic of China via its subsidiary.
Salcon Services (HK) Hong Kong Investment holding company 60 60
Limited + involved in investment advisory
7. Investments in subsidiaries (continued)
Effective ownership interest and
Country of voting interest
Name of subsidiary incorporation Principal activities 2013 2012
% %
Subsidiary of Salcon Fujian (HK) Limited:
Nan An Salcon Water People’s Design, build and operate 39 39
Company Limited $ Republic of of water transmission in
China Fujian Province.
Subsidiary of Salcon Linyi (HK) Limited:
Linyi Salcon Water People’s Management and operation 36 36
Company Limited $ Republic of of water production and
China distribution of water in Linyi City.
Subsidiary of Linyi Salcon Water Company Limited:
Linyi Runcheng Supply Project People’s Repair and maintenance 36 36
Company Limited $ Republic of of municipal water supply China pipeline, equipment, water
supply equipment.
Linyi Salcon Water Supply People’s Repair and maintenance 36 36
Facilities Company Limited $ Republic of of municipal water supply China pipeline, equipment, water
supply equipment.
Subsidiary of Salcon Zhejiang (HK) Limited:
Haining Salcon Water People’s Management and operation 36 36
Company Limited $ Republic of of water production and
China sale of water in Haining City, ZheJiang Province.
Subsidiary of Salcon Shandong (HK) Limited:
Shandong Changle Salcon People’s Management and operation 60 60
Water Company Limited $ Republic of of water production and China distribution of water in Changle
County, Shandong Province.
Changle Salcon Raw Water People’s Design, build and operate 60 60
Company Limited. $ Republic of of water transmission in
China Changle County,
Shandong Province.
Notes to the Financial Statements (cont’d)
7. Investments in subsidiaries (continued)
Effective ownership interest and
Country of voting interest
Name of subsidiary incorporation Principal activities 2013 2012
% %
Subsidiary of Salcon Services (HK) Limited:
Salcon Alliance Corporate People’s Consultancy services for 60 60
Management & Consultancy Republic of investment, operation and
(Shanghai) Pte. Ltd. + China strategy business.
Subsidiary of Salcon Jiangsu (HK) Limited:
Jiangsu Salcon Water People’s Design, build and operate - 67
& Environmental Development Republic of of water transmission in
Company Limited China Jiangsu Province.
Subsidiary of Jiangsu Salcon Water & Environmental Development Company Limited:
Yizheng Salcon Wastewater People’s Management and operation - 67
Treatment Company Limited Republic of of wastewater treatment China plant in Yizheng city.
Subsidiary of Salcon Changzhou (HK) Limited:
Changzhou Salcon Wastewater People’s Management and operation 100 100
Treatment Company Limited + Republic of of wastewater treatment China plant in Changzhou City.
Subsidiary of Salcon Power Sdn. Bhd.:
Salcon Green Energy United Dormant 100 100
(UK) Ltd. * Kingdom
7. Investments in subsidiaries (continued)
Effective ownership interest and
Country of voting interest
Name of subsidiary incorporation Principal activities 2013 2012
% %
Subsidiary of Salcon Holdings (Mauritius) Limited:
Salcon Engineering India Construction, development 100 100
(India) Pte. Ltd. * and maintenance of water,
sewage and wastewater treatment plants.
Subsidiary of Salcon Water International Limited:
Salcon Investment Consultation People’s Consultancy services for 100 100
(Shanghai) Company Limited ^ Republic of investment, operation and
China strategy business.
Subsidiary of Salcon Development Sdn. Bhd.:
Azitin Venture Sdn. Bhd. Malaysia Property development 50 50
Nusantara Megajuta Malaysia Property development 50 50
Sdn. Bhd.
Subsidiary of Salcon Darco Environmental Pte Ltd:
Deqing Darco Producing China Management and operation - 60
Water Co Ltd of water production and
sale of water in Deqing county, Zhejiang Province
Globe Industrial Hong Kong Investment holding - 57
Technology Co, Ltd
Notes to the Financial Statements (cont’d)
7. Investments in subsidiaries (continued)
Effective ownership interest and
Country of voting interest
Name of subsidiary incorporation Principal activities 2013 2012
% %
Subsidiary of Globe Industrial Technology Co, Ltd:
Deqing Huanzhong Producing China Management and operation - 53
Water Co, Ltd of water production and
sale of water in Deqing county, Zhejiang Province Subsidiary of Eco-Coach
& Tours (M) Sdn. Bhd.:
Eco Tours Asia Sdn. Bhd. * Malaysia Transportation services 100 -
(incorporated during the year)
+ Audited by other member firms of KPMG International
^ Audited by other firms of accountants.
@ Although the Group owns not more than 50% of the voting power of Salcon (Perak) Sdn. Bhd. (“SPSB”) and Glitteria Sdn. Bhd. (“GSB”), the Group regards them as subsidiaries as it is able to govern the financial and operating policies of the companies by virtue of shareholders agreements entered into with the other investors of SPSB and GSB respectively. Consequently, the Group consolidates its investments in these companies.
* The financial statements of this subsidiary was not audited and this subsidiary was consolidated based on management financial statements.
$ Entities ear-marked for disposal.
7. Investments in subsidiaries (continued)