Notes to the Financial Statements
(Cont’d)
For the financial year ended 30 April 2016
(In Singapore Dollar)
ANNUAL REPORT 2016
DRIVING IT UP
| 117
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
2016 2015
% %
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:
(6) +
Tyre Pacific (HK) Limited
(Hong Kong)
Investment holding and
wholesale of tyres
(Hong Kong, Vietnam and
People’s Republic of China)
50
50
(12) +++
Falken Tyre India Private Ltd
(India)
Distribution and sale of
replacement tyres
(India)
40
40
Held by Tyre Pacific (HK) Limited:
(6) +
Real Courage Limited
(Hong Kong)
Property holding company
(Hong Kong)
50
50
(10) +
Guangzhou Orizz Mega Outlet Co Ltd
(People’s Republic of China)
Wholesale of tyres
(People’s Republic of China)
50
50
(9) +
Orizz (Shanghai) Limited
(People’s Republic of China)
Wholesale of tyres
(People’s Republic of China)
50
50
(9) +
Shanghai Orizz Mega Outlet Co Ltd
(People’s Republic of China)
Wholesale of tyres
(People’s Republic of China)
50
50
