Annual Report 2012 - IOI Group

46. LIST OF SUBSIDIARIES, ASSOCIATES AND JOINTLY CONTROLLED ENTITIES (Continued)Effective GroupInterestName of Company 2012 2011 Principal ActivitiesIndirect Subsidiaries (Continued)Non-Segment (Continued)Subsidiaries of Palmco International (HK) LimitedPalmco Engineering Limited *(Incorporated in Hong Kong)Acidchem (Singapore) Pte Ltd *(Incorporated in Singapore)100.0% 100.0% Investment holding100.0% 100.0% DormantSubsidiary of Palmco Engineering LimitedTianjin Palmco Oil And Fats Co. Ltd *(Incorporated in the People’s Republic of China)100.0% 100.0% DormantSubsidiary of Kayangan Heights Sdn BhdCommon Portfolio Sdn Bhd 60.0% 60.0% Management servicesSubsidiaries of Swee Lam Estates (Malaya) Sdn BhdSwee Lam Development Sdn Bhd 100.0% 100.0% DormantSwee Lam Properties Sdn Bhd 100.0% 100.0% Dormant* Subsidiaries not audited by BDO.# Subsidiaries audited by member firms of BDO International.@ These subsidiaries ceased operations with effect from December 2009 following the completion of the restructuring exercise within theplantation division, which involved intra-group sales and purchases of land and plantation development expenditure in their presentcondition at market values.Annual Report 2012IOI CORPORATION BERHAD 265