cont'd - KNM Steel Sdn Bhd

KNM GROUP BERHAD I Annual Report 201279Notes to the Financial Statements (cont’d)7. Investments in jointly-controlled entities (Cont’d)Details of the jointly-controlled entities are as follows:EffectiveOwnershipCountry ofInterestName of Company Incorporation Principal Activities 31.12.2012 31.12.2011 1.1.2011% % %KPN Gas Technology Malaysia Provision of project 50 50 50Sdn. Bhd.management, processmanagement processknow how, engineering,procurement, construction,commissioning, start-up,operation, spare parts andmaintenance for the fieldgas separation and gastreatment facilitiesincluding desalting, gasdehydration, gassweetening, naturalgas liquids recovery, sulphurrecovery and modular units.Verwater KNM Sdn. Malaysia Involved in the business 50 50 50Bhd. **of relocating and jackingof tank catalyst change-outand chemical cleaning work.KNM Grinaker-LTA Republic of Manufacture of process 49.9 49.9 49.9(Proprietary) South Africa and pressure vessels, heatLimited ^transfer equipment, industrialboilers, tank farms, processskids and modules for Republicof South Africa market andon a case to case basis for othermarkets.Petrosab Petroleum Malaysia Dormant. 40 40 50Sdn. Bhd. ^Subsidiary ofPetrosab PetroleumSdn. Bhd.KNM Petrosab Malaysia Operate the business of 52 52 50Engineeringproviding the servicesSdn. Bhd. ^relating to the arrangementof design, engineering,procurement, constructiontesting and other kinds ofservices relating to oil,gas, petrochemical, minerals,biofuel and energy industries.** Audited by another firm of accountants.^ Equity accounted based on management accounts.