Notes to the Financial Statements
(Cont’d)
For the financial year ended 30 April 2016
(In Singapore Dollar)
ANNUAL REPORT 2016
DRIVING IT UP
| 115
40.
Subsidiary, associated and joint venture companies (cont’d)
Name of company
(Country of incorporation)
Principal activities
(Place of business)
Cost of
investment
Percentage of
equity held by
the Group
2016 2015 2016 2015
$’000 $’000 % %
Subsidiary companies (cont’d)
Held by the Company:
(3) #
STC Tyres Limited
(Thailand)
Inactive
(Thailand)
288 288
49
49
(3) #
Stamford Auto Mart Limited
(Thailand)
Inactive
(Thailand)
21
21
49
49
(4)
Stamford Tyres (Hong Kong)
Limited
(Hong Kong)
Investment holding and wholesale
of tyres
(Hong Kong and People’s
Republic of China)
6,523 6,523 100 100
(4)
Boon Tyre Holdings Limited
(Hong Kong)
Investment and property holding
company
(Hong Kong and United Kingdom)
@ @ 100 100
##
Stamford Tires and Wheels, Inc.
(United States of America)
Wholesale of tyres and wheels
(Latin America and United States
of America)
14
14 100 100
(5)
Stamford Tyres (Africa) (Pty) Ltd
(South Africa)
Wholesale of tyres and wheels
(South Africa)
15,568 15,568 100 100
(7)
PT Stamford Tyres Indonesia
(Indonesia)
Wholesale and retail of tyres and
retreading of tyres
(Indonesia)
726 726 100 100
(7)
PT Stamford Tyres Distributor
Indonesia
(Indonesia)
Wholesale of tyres and wheels
(Indonesia)
6,637 6,637 100 100
(1)
Sumo Tires Pte Ltd
(Singapore)
Inactive
(Singapore)
@ @ 100 100
(1)
Stamford Auto City Pte Ltd
(Singapore)
Inactive
(Singapore)
200 200 100 100
