Page 151 - S P Setia Annual Report 2016

 

 

 

 

 

Page 151 - S P Setia Annual Report 2016
P. 151

S P Setia Berhad Group                                                                                149
          Annual Report 2016




                                                                               Notes To The Financial Statements

                                                                                  For The Financial Year Ended 31 December 2016

          8.   INVESTMENTS IN SUBSIDIARY COMPANIES (CONT’D.)

              The subsidiary companies are as follows (cont’d.):

                                                               Equity interest
                                                           Direct        Indirect    Country of
                                                       2016    2015   2016    2015  incorporation  Principal activities
                                                         %      %      %       %
               +   Setia Lai Thieu One Member Company Limited  -  -    95      95     Vietnam    Property development

               +   Setia (Melbourne) Development Company    -   -      100    100     Australia  Property development
                   Pty Ltd
               +   Setia St Kilda (Melbourne) Pty Ltd    -      -      100    100     Australia  Property development
               +   Setia Carnegie Pty Ltd                -      -      100    100     Australia  Property development

               *  Setia Land (China) Limited             -      -      100    100    Hong Kong   Investment holding
               +   S P Setia International (S) Pte Ltd  100    100      -      -      Singapore  Promotion, marketing
                                                                                                  and other activities
                                                                                                  related to property
                                                                                                  development

               +   S P Setia Development Pte Ltd        100    100      -      -      Singapore  Dormant
               ◊ µ  S P Setia Foundation                 -      -       -      -      Malaysia   Promotion and
                                                                                                  advancement of
                                                                                                  education, research
                                                                                                  and dissemination of
                                                                                                  knowledge
               * ◊ µ   Setia Badminton Academy           -      -       -      -      Malaysia   Promotion of badminton

              *    Audited by a firm other than Ernst & Young
              +    Audited by member firms of Ernst & Young Global in the respective countries
              ◊    A trust established under the Trustees (Incorporation) Act 1952
              µ    S P Setia Berhad has effective interest of 100%
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