108
NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 March 2015
(In Singapore dollars)
29. SUBSIDIARIES (CONT’D)
Name of company
(Country of incorporation)
Principal activities
(Place of business)
Cost
Effective interest
in equity held by
the Company
2015
$’000
2014
$’000
2015
%
2014
%
Unquoted equity shares held by the Company (Cont’d)
ii
MTQ Castings Sdn Bhd
(previously known as
Metalock Castings Sdn Bhd)
(Malaysia)
Inactive
(Malaysia)
5,858 5,858 100 100
i
Premier Sea & Land Pte Ltd
(Republic of Singapore)
Trading of oilfield industry
materials and supplies machinery
and equipment and rental of
machinery and equipment
(Republic of Singapore)
14,189 14,189 100 100
i
Pemac Pte Ltd
(Republic of Singapore)
Manufacture of high pressure
piping, general steel fabrication
works repairing of oilfield
equipment and fabrication of
pressure vessels
(Republic of Singapore)
2,306 2,306 100 100
45,276 45,276
Name of company
(Country of incorporation)
Principal activities
(Place of business)
Effective interest
in equity held by
the Group
2015
%
2014
%
Quoted equity shares held by a subsidiary
ii,v Neptune Marine Services
Limited (Australia)
Investment holding (Australia)
87.1 86.8
Unquoted equity shares held by the subsidiaries
iii
Dynamic Turbocharger
Services (Australia) Pty Ltd
(Australia)
Inactive
(Australia)
100 100
ii
MTQ Oilfield Services W.L.L.
(Kingdom of Bahrain)
Service, manufacture and assemble oilfield
equipment and related spare parts in the oil and
gas industry (Kingdom of Bahrain)
100 100
i
Premier Estate Pte Ltd
(Republic of Singapore)
Investment holding
(Republic of Singapore)
100 100
