Kenanga Investment Bank Berhad Annual Report 2021 220 Our Sustainability Approach About This Report We Are Kenanga Message From Chairman and GMD 13. INVESTMENTS IN SUBSIDIARIES Bank 2021 RM'000 2020 RM'000 Unquoted shares: At beginning of the financial year 70,135 70,135 Less: Impairment losses (9,323) - At end of the financial year 60,812 70,135 Details of the subsidiary companies are as follows: Name Principal activities Effective equity interest 2021 % 2020 % Local subsidiary companies Kenanga Futures Sdn Bhd Futures broker 100 100 Kenanga Nominees (Asing) Sdn Bhd Provision of nominee services 100 100 Kenanga Nominees (Tempatan) Sdn Bhd Provision of nominee services 100 100 Kenanga Private Equity Sdn Bhd Private equity management 100 100 ECML Berhad Dealings in securities and derivatives, and provision of corporate finance and other advisory services 100 100 ECML Nominees (Tempatan) Sdn Bhd Provision of nominee services 100 100 Avenue Kestrel Sdn Bhd Stock broking business 100 100 K & N Kenanga Holdings Berhad Investment holding 100 100 The subsidiary company of K & N Kenanga Holdings Berhad is: SSSB Management Services Sdn Bhd Stock broking business 100 100 Notes to the Financial Statements 31 December 2021
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