KENANGA ANNUAL REPORT 2020

203 ANNUAL REPORT 2020 // KENANGA INVESTMENT BANK BERHAD 13. INVESTMENTS IN SUBSIDIARIES (CONT’D.) Details of the subsidiary companies are as follows (cont’d.): Name Principal activities Effective equity interest 2020 % 2019 % Local subsidiary companies (cont’d.) The subsidiaries of Kenanga Investors Berhad are: (cont’d) Libra Invest Berhad Management of unit trust funds and the provision of fund management services 100 100 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 51 100 Overseas subsidiary company 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.