221 How We Are Governed Financial Statements Shareholders’ Information Additional Information 13. INVESTMENTS IN SUBSIDIARIES (CONT'D.) Details of the subsidiary companies are as follows (cont'd.): Name Principal activities Effective equity interest 2021 % 2020 % Local subsidiary companies (cont’d.) Kenanga Management & Services Sdn Bhd Investment in property and provision of management and maintenance services 100 100 Kenanga Investors Berhad Promotion and management of collective investment schemes and management of investment funds 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 (note (i)) Management of unit trust funds and the provision of fund management services - 100 I-VCAP Management Sdn Bhd (“I-VCAP”) (note (ii)) Provision of Shariah-compliant investment 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 51 51 Overseas subsidiary company Rakuten Trade Singapore Pte. Ltd. * (Formally known as “f.k.a.” 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
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