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DYNA-MAC HOLDINGS LTD.
2016 ANNUAL REPORT
113
Performance At A Glance
Financial Report
Corporate Governance and Transparency
Sustainable Growth
Year in Review
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2016
36.
LISTING OF COMPANIES IN THE GROUP
(CONT’D)
The subsidiaries of Dyna-Mac Holdings Ltd. are as follows: (Cont’d)
Name
Principal activities
Country of
business/
incorporation
Proportion of
ordinary shares
directly held
by parent
Proportion of
ordinary shares
directly held
by the Group
Proportion of
ordinary shares
directly held by
non-controlling
interests
2016 2015 2016 2015 2016 2015
%
%
%
%
%
%
Held by subsidiaries
Dyna-Mac Engineering
Services Sdn. Bhd.
(c)
Contractors for construction
works
Malaysia
–
–
100
100
–
–
Dyna-Mac Do Brasil
construcoes Ltda.
(d)
(i) Fabrication, sale,
installation and repair of
modules for oil rigs, FSO
and FPSO; and
(ii) Land and marine services
of engineering, project
management and other
related services to
the exploration and
exploitation of oil and gas
Brazil
–
–
100
100
–
–
DMP Marine Fabricator
(Nansha) Co. Ltd
(e)
Contractors for project
management, engineering,
fabrication and installation
of land and marine works
People’s
Republic of
China
–
–
–
70
70
30
30
(a) Audited by PricewaterhouseCoopers LLP, Singapore
(b) Audited by Isla Lipana & Co., PwC member firm, Philippines
(c) Audited by G K LYE PLT., Malaysia
(d) Not required to be audited under the laws of the country of incorporation
(e) Audited by Lawchina Certified Public Accountants Co., LTD
(f)
Audited by Armando Y. C. Chung & Co., Hong Kong