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18. INVESTMENT IN SUBSIDIARIES (<strong>continued</strong>)<br />

<strong>The</strong> subsidiaries are: (<strong>continued</strong>)<br />

Country of Holding in Equity<br />

Name of Company Incorporation 2010 2009 Principal Activities<br />

% %<br />

<strong>Lion</strong> Trading & Marketing Malaysia 100.00 100.00 Trading and marketing of<br />

Sdn Bhd security equipment, office<br />

equipment and steel<br />

related products<br />

Total Triumph Investments British Virgin 100.00 100.00 Investment holding<br />

Limited Islands<br />

LCB Harta (L) Limited * Malaysia 100.00 100.00 Acquisition and<br />

management of USD<br />

denominated consolidated<br />

and rescheduled debts<br />

Subsidiary of<br />

Kinabalu Motor Assembly<br />

Sendirian Berhad<br />

KMA Marketing Sdn Bhd * Malaysia 100.00 100.00 Trading and distribution<br />

of commercial vehicles,<br />

vehicle parts and provision<br />

of related services<br />

Subsidiary of<br />

KMA Marketing Sdn Bhd<br />

Kinabalu Car Distributors Malaysia 100.00 100.00 Dormant<br />

Sdn Bhd *<br />

Subsidiaries of<br />

Limpahjaya Sdn Bhd<br />

Bersatu Investments Hong Kong 71.00 71.00 Ceased operations<br />

Company Limited *<br />

<strong>Lion</strong> Com Sdn Bhd Malaysia 100.00 100.00 Investment holding<br />

Lyn (Pte) Ltd * Republic of 79.00 79.00 Investment holding<br />

Singapore<br />

Megasteel Sdn Bhd * Malaysia 78.89 78.89 Manufacturing of hot rolled<br />

coils and cold rolled coils<br />

Umevest Sdn Bhd Malaysia 100.00 100.00 Investment holding<br />

Logic Concepts (M) Sdn Bhd Malaysia 71.00 71.00 Ceased operations<br />

Logic Furniture (M) Sdn Bhd Malaysia 91.00 91.00 Ceased operations<br />

75

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