111 / 152
Notes to the
financial statements
For the financial year ended 31 December 2018
109
A N N U A L R E P O R T
2 0 1 8
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 Baker Engineering Pte. Ltd.:
(1)
BEL Design Pte. Ltd.
(Singapore)
Design and engineering
of offshore and marine
vessels and equipment
(Singapore)
100
100 100
Held through BT Investment Pte. Ltd.:
(1)
BT Titanium Pte. Ltd.
(Singapore)
Provision of offshore
marine logistics
support services
(Singapore)
100
100 100
(2)
BT Offshore (B) Sdn Bhd
(Brunei)Incorporated on 14
May 2018
Provision of offshore
marine logistics
support services
(Brunei)
100
–
–
(2)
BT OSV 1 Pte. Ltd.
(Singapore) Incorporated on
20 August 2018
Ship owning and
chartering (Singapore)
100
–
–
(2)
BT Offshore Management Pte.
Ltd. (Singapore) Incorporated
on 24 September 2018
Chartering of vessels
and ship management
services (Singapore)
100
–
–
(2)
Interseas Pte. Ltd. (Singapore)
Incorporated on 30 October
2018
Dormant
100
–
–
(1)
CH Offshore Ltd (Singapore) Investment holding and
owning and chartering
of vessels (Singapore)
54.98
–
–