| Subsidiary Company |
Percentage 2005 | Principal Activity |
Place of Incorporation |
| Encorp MUST Sdn Bhd | 100 | Investment Holding and Property Development |
MALAYSIA |
| MUST Ehsan Dev Sdn Bhd | 70 | Property development | MALAYSIA |
| Enfari Properties Sdn Bhd | 100 | Investment Holding | MALAYSIA |
| Encorp Systembilt Sdn Bhd | 100 | Concessionaire for the design, construction and completion of 10,000 units of apartment as teacher’s quaters. |
MALAYSIA |
| Encorp Construct Sdn Bhd | 100 | Construction Management | MALAYSIA |
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