KENANGA ANNUAL REPORT 2019

195 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 13. INVESTMENTS IN SUBSIDIARIES (CONT’D.) Details of the subsidiary companies are as follows (cont’d.): Name Principal activities Effective equity interest 2019 % 2018 % Local subsidiary companies (cont’d.) Kenanga Investors Berhad Promotion and management of collective investment schemes and management of investment fund 100 100 The subsidiary companies of Kenanga Investors Berhad are: Kenanga Islamic Investors Berhad Management of Islamic collective investment schemes and Islamic investment funds 100 100 Libra Invest Berhad Management in unit trust funds and the provision of fund management services 100 - KUT Nominees (Tempatan) Sdn Bhd Provision of nominee services 100 100 KUT Nominees (Asing) Sdn Bhd Provision of nominee services 100 100 Kenanga Funds Berhad Promotion and management of unit trust funds and the management of investment funds 100 100 Kenanga Capital Sdn Bhd Licensed money lender 100 100 The subsidiary company of Kenanga Capital Sdn Bhd is: Kenanga Capital Islamic Sdn Bhd Islamic factoring and leasing 100 100 Kenanga Singapore Pte. Ltd.* Dealing in securities, advising in corporate finance, securities financing and providing custodial services for securities 100 100 * Audited by affiliate of Messrs. Ernst & Young PLT.