Notes to the Financial Statements
(Cont’d)
For the year ended 30 April 2015
(In Singapore Dollars)
ANNUAL REPORT 2015
106
BUILDING ON OUR EXTENSIVE NETWORK
40. Subsidiary, associated and joint venture companies (cont’d)
Name of company
(Country of incorporation)
Principal activities
(Place of business)
Percentage of
equity held by
the Group
2015 2014
% %
Subsidiary companies
Held by Stamford Tyres (Hong Kong) Limited:
(4)
Stamford Tyres (Guangzhou) Limited
(People’s Republic of China)
Dormant
(People’s Republic of China)
100 100
Held by Stamford Tyres (M) Sdn Bhd:
(2)
Stamford Retread Industries (M) Sdn Bhd
(Malaysia)
Retreading of tyres (formerly retail
of motor vehicles)
(Malaysia)
100 100
Held by Boon Tyre Holdings Limited:
(1)
Raffles Resources Singapore Pte Ltd
(Singapore)
Inactive
(Singapore)
100 100
Joint venture companies
Held by the Company:
(7) +
Tyre Pacific (HK) Limited
(Hong Kong)
Investment holding and wholesale
of tyres
(Hong Kong, Vietnam and
People’s Republic of China)
50
50
(13) +++
Falken Tyre India Private Ltd (India)
Distribution and sale of
replacement tyres
40
40
Held by Tyre Pacific (HK) Limited:
(7) +
Real Courage Limited
(Hong Kong)
Property holding company
(Hong Kong)
50
50
(11) +
Guangzhou Orizz Mega Outlet Co Ltd
(People’s Republic of China)
Wholesale of tyres
(People’s Republic of China)
50
50
(10) +
Orizz (Shanghai) Limited
(People’s Republic of China)
Wholesale of tyres
(People’s Republic of China)
50
50
(10) +
Shanghai Orizz Mega Outlet Co Ltd
(People’s Republic of China)
Wholesale of tyres
(People’s Republic of China)
50
50
