214 F INANC IAL Statements 05 Sect ion Ranhi ll Ut i l i t i es Berhad NOTES TO THE F INANC I AL STATEMENTS For the year ended 31 December 2022 22. INVESTMENT IN ASSOCIATES (Contd.) (a) Details of the Group’s associates were as follows: (contd.) Name Country of incorporation / Principal place of business Principal Activities % of ownership interest held by the Group Accounting model applied 2022 2021 Held by RWW: (contd.) Ranhill (Chongren) Water Co. Ltd. 1 China To undertake wastewater treatments services for Chongren Industrial Park 40 40 Equity method Ranhill (Yongxin) Water Co. Ltd. 1 China To undertake wastewater treatment services for Yongxin Country Industrial Park 40 40 Equity method Ranhill Water (Yongfeng) Co. Ltd. 1 China To undertake construction and operation for treatments plant in Ji’an City 40 40 Equity method Ranhill Water (Fengxin) Co. Ltd. 1 China To undertake, design construction and operation for sewage treatments plant 40 40 Equity method Ranhill Wu Chuang (Nanchang) Water Co. Ltd. 1 China To undertake operation and maintenance of sewage treatment and recycling 40 40 Equity method Ranhill Xiang Gang (Nanchang) Water Co. Ltd. 1 China To undertake operation and maintenance of sewage treatment and recycling 40 40 Equity method Held by RBSB: Ranhill Consulting Sdn. Bhd. 1 Malaysia Engineering consultancy and engineering & procurement services 30 30 Equity method Ranhill Consulting (Sarawak) Sdn. Bhd. 1 Malaysia Project management and engineering consultant 30 30 Equity method 1 Audited by firm other than Deloitte PLT.
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