QL Resources Berhad (428915-X)
140
33. Subsidiaries (Cont’d)
Effective
ownership
interest
Name of company Principal activities 2016 2015
% %
Kembang Subur (Perak) Sdn. Bhd. Hatchering and aqua-culturing of prawn, 34.83 34.83
shrimps and fishes
KS Pekan Hatchery Sdn. Bhd. Breeding, genetic selection and hatchery 63.33 -
(formerly known as Cargill operation for the production of aquatic
Aquaculture Resources Sdn. Bhd.) species
Kembang Subur International Ltd.
(f)
Investment holding 32.30 32.30
and its subsidiary
Nam Duong Vietnam Aquatic Production and sales of aquatic breeds 32.30 32.30
Hatchery Company Limited
(e)
QL Green Resources Sdn. Bhd. Investment holding 100 100
and its subsidiaries
QL Green Energy Sdn. Bhd. Investment holding 100 100
QL Tawau Palm Pellet Sdn. Bhd. Operating a palm pellet plant 100 100
QL NatureCo Sdn. Bhd. Investment holding 100 100
QL ESCO Sdn. Bhd. Supply of biomass 100 100
Leisure Pyramid Sdn. Bhd. Manufacturing of wood pellet 66.67 66.67
QL IPC Sdn. Bhd. Dormant 100 100
QL Carbon Sdn. Bhd.
#
Dormant 100 100
and its subsidiary
Maxincome Resources Sdn. Bhd.
#
Provision of management services 100 100
QL Corporate Services Sdn. Bhd. Provision of management services 100 100
(a) Subsidiaries incorporated in Singapore and audited by another firm of accountants.
(b) Subsidiaries incorporated in Indonesia and audited by another firm of accountants.
(c) Subsidiary incorporated in Vietnam and audited by a member firm of KPMG.
(d) Subsidiary incorporated in China and consolidated based on management accounts.
(e) Subsidiaries incorporated in Vietnam and consolidated based on management accounts.
(f) Subsidiary incorporated in Labuan and consolidated based on management accounts.
# During the year, these subsidiaries were restructured within the Group.
All other subsidiaries are incorporated in Malaysia and audited by KPMG.
Notes to the Financial Statements
(Cont’d.)
