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150 | S P SETIA BERHAD GROUP | Annual Report 2014

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 October 2014

V. FINANCIAL STATEMENTS

8. INVESTMENTS IN JOINTLY CONTROLLED ENTITIES (CONT’D)

The jointly controlled entities are as follows:

Proportion of ownership interest

Direct

Indirect

Country of

2014

2013

2014

2013 incorporation Principal activities

% % % %

#

Setia Putrajaya Sdn Bhd

60

60

-

-

Malaysia

Property development,

building construction

and investment holding

#

Setia Putrajaya Construction

Sdn Bhd

-

-

60

60

Malaysia

Building construction

#

Setia Putrajaya Development

Sdn Bhd

-

-

60

60

Malaysia

Property development

#

Greenhill Resources Sdn Bhd

-

-

50

50

Malaysia

Property investment

#

Setia Federal Hill Sdn Bhd

(formerly known as Sentosa Jitra

Sdn Bhd)

50

50

-

-

Malaysia

Property development

and property

investment holding

+

SetiaBecamex Joint Stock Company

-

-

55

55

Vietnam Property development

*

Qinzhou Development (Malaysia)

Consortium Sdn Bhd

-

45

-

-

Malaysia

Investment holding

*

Qinzhou Development

(Hong Kong) Limited

-

-

-

45

Hong Kong Investment holding

Battersea Project Holding

Company Limited

-

-

40

40

Jersey

Investment holding

^

Battersea Project Land

Company Limited

-

-

40

40

Jersey

Property development

and property

investment holding

Battersea Power Station

Development Company Limited

-

-

40

40 United Kingdom Project development

management

^

Battersea Power Station Malaysia

Sdn Bhd

-

-

40

40

Malaysia

Promotion, marketing

and other activities

related to property

development

^

Battersea Phase 1 Holding

Company Limited

-

-

40

40

Jersey

Property investment

holding

^

Battersea Project Phase 1

Company Limited

-

-

40

40

Jersey

Property investment

holding

^

Battersea Project Phase 1

Management Company Limited

-

-

40

40

Jersey

Dormant