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140<br />

<strong>Boustead</strong> Group<br />

Group Interest %<br />

Name of Company* Principal Activities Paid-Up Capital 2004 2003<br />

As at 31 December 2004<br />

SUBSIDIARIES (cont’d.)<br />

<strong>Boustead</strong> Management Services Sdn Bhd Management services RM1,000,000 100 100<br />

<strong>Boustead</strong> Information Technology Sdn Bhd Computer service & systems<br />

design RM1,000,000 100 100<br />

<strong>Boustead</strong> Construction Sdn Bhd<br />

<strong>Boustead</strong> Advisory and Consultancy Services<br />

Project management RM1,000,000 100 100<br />

Sdn Bhd Plantation management RM500,002 100 100<br />

<strong>Boustead</strong> Shipping Agencies Sdn Bhd<br />

<strong>Boustead</strong> Solandra Sdn Bhd (formerly known<br />

Shipping agent RM200,000 100 100<br />

as Solandra Sdn Bhd) Oil palm & teak plantations RM200,000 100 100<br />

<strong>Boustead</strong> Electronic Commerce Sdn Bhd Ceased operation RM100,000 100 100<br />

AB Shipping Sdn Bhd Shipbroker RM45,000 100 100<br />

Bestari Marine Sdn Bhd<br />

<strong>Boustead</strong> Sedili Sdn Bhd (formerly known<br />

Marine surveys & consultancy RM35,000 100 100<br />

as Modernmax Sdn Bhd) Oil palm plantations RM2 100 100<br />

<strong>Boustead</strong> Trading Sdn Bhd*** Dormant B$1,000,000 100 100<br />

Malakoff Management Services Pte Ltd# Management services S$100,000 100 100<br />

AB Shipping Pte Ltd# Shipping agent S$100,000 100 100<br />

<strong>Boustead</strong> Silasuka Sdn Bhd Oil palm plantations RM10,000,000 98 98<br />

<strong>Boustead</strong> Sungai Manar Sdn Bhd Oil palm plantations RM4,500,000 89 89<br />

Malaysian Welding Industries Sdn Bhd Investment holding RM2,500,000 75 75<br />

<strong>Boustead</strong> Heah Joo Seang Sdn Bhd Oil palm plantations RM9,184,000 70 70<br />

<strong>Boustead</strong> Sissons Paints Sdn Bhd Paint manufacturer RM6,750,000 70 70<br />

<strong>Boustead</strong> Shipping Agencies (B) Sdn Bhd*** Shipping agent B$100,000 70 70<br />

Cargo Freight Shipping Sdn Bhd Shipping agent RM186,000 70 70<br />

PT Dendymarker Indahlestari+** Oil palm plantations Rp45,000,000,000 65 65<br />

<strong>Boustead</strong> Pelita Kanowit Sdn Bhd<br />

<strong>Boustead</strong> Pelita Tinjar Sdn Bhd (formerly known<br />

Oil palm plantations RM34,560,000 60 60<br />

as Loagan Bunut Plantations Sdn Bhd) Oil palm & teak plantations RM48,000,000 60 60

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