112 / 152
Notes to the
financial statements
For the financial year ended 31 December 2018
110
B A K E R T E C H N O L O G Y
L I M I T E D
12.
Investment in subsidiaries (cont’d)
(a)
Composition of the Group (cont’d)
Subsidiaries
(Country of incorporation)
Principal activities
(Place of business)
Percentage of equity
held by the Group
31.12.2018
31.12.2017 1.1.2017
%
% %
Held through BT Titanium Pte. Ltd.
(3)
BT Offshore (Malaysia)
Pte Ltd (Malaysia)
Provision of offshore
marine logistic support
services(Malaysia)
100
100
–
Held through CH Offshore Ltd.:
(1)
CHO Ship Management
Pte Ltd
Ship management and
investment holding
(Singapore)
54.98
–
–
(1)
Delaware Marine Pte Ltd
Investment holding
(Singapore)
54.98
–
–
(1)
Sea Glory Private Limited
Ship owning and
chartering
(Singapore)
54.98
–
–
(1)
Garo Pte Ltd
Ship owning and
chartering
(Singapore)
54.98
–
–
(1)
Offshore Gold Singapore
Pte Ltd
Ship owning and
chartering
(Singapore)
54.98
–
–
(1)
Pembrooke Marine Pte Ltd Ship owning and
chartering
(Singapore)
54.98
–
–
(1)
Venture Offshore Pte Ltd
Ship owning and
chartering
(Singapore)
54.98
–
–