NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
12 INTEREST IN SUBSIDIARIES
The following list contains only the particulars of subsidiaries which principally affected the results, assets or liabilities of the Group. The class of shares held is ordinary unless otherwise stated.
Particulars of issued and paid
up capital
Proportion of ownership interests
Held by Principal subsidiaries activities
Investment holding
Shipbuilding and repairs
Trading
Held by the Company
HYFCO Development Company, Limited
1,200,003 shares
100%
The Hong Kong Shipyard Limited
170,000 shares
100%
HYFCO Trading and Investments Company Limited
2 shares
100%
HYFCO Estate Management & Agency Limited
2,500,000 shares
100%
-
Property management
The Hongkong and Yaumati Ferry Company Limited
1,000,000 shares
100%
Galaxy Hotel Management Company Limited
1,000,000 shares
Ferry operations
100% Floating restaurant
business
Property investment
Genius Star Development Limited
2 shares
100%
-
Pico International Limited
6,000,000 shares
100%
Investment holding
Hong Kong Ferry Finance Company Limited
2 shares
100%
Funding for group
companies
Thommen Limited
Lenfield Limited
2 shares
100%
Investment holding
2 shares
100%
Property development,
HKF Property Investment Limited
2 shares
100%
Join Galaxy Limited
2 shares
Merry World Assets Limited
50,000 shares
100%
Jet Legend Limited
1 share
100%
—
World Light Limited
Well Dynamic Limited
World Fame Shipping Limited
1 share
100%
1 share
100%
2 shares
100%
investment and financing
Property investment
100% Property financing
Investment holding
Property development
and financing
Property development,
investment and financing
Property development,
investment and financing
Property development
All the subsidiaries listed above are incorporated in Hong Kong except for Merry World Assets Limited which is incorporated in the British Virgin Islands.
Hong Kong Ferry (Holdings) Company Limited Annual Report 2018