5.
INVESTMENT IN SUBSIDIARIES (CONT’D)
(i)
Details of the subsidiaries which are all incorporated in Malaysia except otherwise indicated, are as
follows:
Name of Company
Effective
Equity Interest
Principal Activities
2014
2013
Direct
Pentamaster Technology
(M) Sdn. Bhd.
100%
100% Design, assembly, installation of
computerised automation systems and
equipment.
Pentamaster Engineering
(M) Sdn. Bhd.
100%
100% Manufacture of automated, semi-
automated machine and equipment.
Pentamaster Information
Technology Berhad
100%
100% Development, implementation
maintenance, support and providing
training of information technology
system to manufacturing industry.
* Pentamaster Automation
Engineering (Shanghai)
Co. Ltd (Incorporated in the
People’s Republic of China)
100%
100% Ceased operations.
Pentamaster Solutions Sdn. Bhd.
100%
100% Manufacture of intelligent sortation
system, components and parts
thereof.
Pentamaster Instrumentation Sdn.
Bhd.
60%
60% Designing and manufacturing of
automated testing equipment and test
and measurement system.
Pentamaster Equipment
Manufacturing Sdn. Bhd.
100%
100% Equipment design and manufacturing
services and manufacturing of high
precision machine parts.
* Not audited by Grant Thornton.
During the financial year, the Company subscribed to an additional 11,890,000 new ordinary shares
of RM1.00 each in Pentamaster Engineering (M) Sdn. Bhd. (“PESB”) for a cash consideration of
RM11,890,000, settled by way of setting-off the amount owing by PESB to the Company. As at the
end of the reporting period, the Company owns a total of 12,490,000 ordinary shares of RM1.00
each in PESB, representing 100% of the total issued and paid-up share capital of PESB.
In addition, the Company subscribed to an additional 12,660,000 new ordinary shares of RM1.00
each in Pentamaster Equipment Manufacturing Sdn. Bhd. (“PEMSB”) for a cash consideration of
RM12,660,000, settled by way of setting-off the amount owing by PEMSB to the Company. As at the
end of the reporting period, the Company owns a total of 13,160,000 ordinary shares of RM1.00
each in PEMSB, representing 100% of the total issued and paid-up share capital of PEMSB.
NOTES TO THE FINANCIAL STATEMENTS
31 DECEMBER 2014 (CONT’D)
Pentamaster Corporation Berhad
(572307-U)
•
Annual Report 2014
62
