7 219 218 Notes to the Financial Statements Notes to the Financial Statements 34. SUBSIDIARIES (CONTINUED) Name of company Principal activities Effective ownership interest 2023 % 2022 % Boilermech Sdn. Bhd. Engaged in the business of manufacturing, repairing and servicing of boilers 52.57 51.99 Boilermech Cleantech Sdn. Bhd. Engaged in the business of dealing and installation of green solar power energy products and producing integrated biomass electric power generation system 52.57 51.99 Zenith Index Sdn. Bhd. Engaged in the business of manufacturing bio energy systems 52.57 51.99 PT Boilermech and its subsidiary(a) Engaged in trading services especially in repairing, servicing, installation and commissioning of biomass boilers 52.57 51.99 PT Boilermech Manufacturing Indonesia(a) Engaged in the business of manufacturing, repairing and servicing of boilers 52.57 51.99 Boilermech Oretech Sdn. Bhd. Engaged in the business of supplying palm oil recovery enhancement system 52.57 51.99 Tera VA Sdn. Bhd. Engaged in the business of dealing and installation of green solar power energy products and electrical equipment 52.57 31.19 Teknologi Enviro-Kimia (M) Sdn. Bhd. and its subsidiaries Engaged in the business of general trader and contractor of water treatment chemicals and equipment and investment holdings 31.66 31.31 T.E.K. Greencare Sdn. Bhd. Dormant 31.66 31.31 T.E.K. Water Sdn. Bhd. Supplier of water treatment chemical and related accessories 31.66 31.31 TEK Biotechnology Sdn. Bhd Management services, technical consultancy service, project management, laboratory testing, trading and engineering works 25.33 25.05 QL IPC Sdn. Bhd. and its subsidiaries Investment holding 100 100 Axrail Pte. Ltd.(e) and its subsidiary Provision of information technology related works and services 50.10 50.10 Axrail Sdn. Bhd. Consultancy in information technology 50.10 50.10 QL Carbon Sdn. Bhd. and its subsidiaries Investment holding 100 100 QL Maxincome Sdn. Bhd. Operating and franchising of convenience stores 100 100 QL Kitchen Sdn. Bhd. Operation of centralised kitchen 100 100 QL Corporate Services Sdn. Bhd. Provision of management services 100 100 34. SUBSIDIARIES (CONTINUED) (a) Subsidiaries incorporated in Indonesia and audited by another firm of accountants. (b) Subsidiaries incorporated in Vietnam and audited by a member firm of KPMG. (c) Subsidiaries incorporated in Singapore and audited by another firm of accountants. (d) Subsidiary incorporated in Indonesia and consolidated based on management accounts. (e) Subsidiary incorporated in Singapore and consolidated based on management accounts. All other subsidiaries are incorporated in Malaysia and audited by KPMG. 34.1 The Company’s shareholdings in non wholly-owned subsidiaries are as follows: Number of ordinary shares At 1.4.2022 Bought Sold At 31.3.2023 Interest in non wholly-owned subsidiaries via QL Feedingstuffs Sdn. Bhd. Pacific Vet Group (M) Sdn. Bhd. and its subsidiary 2,736,000 304,000 152,000 2,888,000 QL Pacific Vet Group Sdn. Bhd. 2,000,000 - - 2,000,000 Interest in non wholly-owned subsidiaries via QL AgroResources Sdn. Bhd. QL TP Fertilizer Sdn. Bhd. 255,000 - - 255,000 QL Ansan Poultry Farm Sdn. Bhd. and its subsidiaries 34,200,000 - - 34,200,000 QL Rawang Poultry Farm Sdn. Bhd. 4,400,000 - - 4,400,000 Haji Hussin Markom Sdn. Bhd. 60,000 - - 60,000 PT. QL Feed Indonesia 500,000 - - 500,000 QL Palm Pellet Sdn. Bhd. 3,870,000 - - 3,870,000 Interest in non wholly-owned subsidiaries via QL Oil Sdn. Bhd. QL Mutiara (S) Pte. Ltd. and its subsidiary 11,919,998 - - 11,919,998 PT. Pipit Mutiara Indah 2,983,000 - - 2,983,000 Interest in non wholly-owned subsidiaries via QL Fishery Sdn. Bhd. QL Endau Marine Products Sdn. Bhd. and its subsidiaries 6,723,960 - - 6,723,960 QL Endau Deep Sea Fishing Sdn. Bhd. 43,800,000 - - 43,800,000 QL Endau Fishmeal Sdn. Bhd. 20,100,000 - - 20,100,000 Pilihan Mahir Sdn. Bhd. 10,000 - - 10,000 Rikawawasan Sdn. Bhd. 10,000,000 - - 10,000,000 QL Lian Hoe Sdn. Bhd. 8,200,000 - - 8,200,000 Kembang Subur Sdn. Bhd. and its subsidiaries 7,850,000 - - 7,850,000 Kembang Subur (Perak) Sdn. Bhd. 500,000 - - 500,000 KS Pekan Hatchery Sdn. Bhd. 4,000,000 - - 4,000,000
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