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of subsections (4) to (7) of section 2. be treated as being held or, as the case may be, as not being held by that other body for the purpose of determining whether the first-mentioned body is its subsidiary;
(b) the proportion of the nominal value of the issued shares of any class represented by the shares held by the company shall be stated by way of a percentage, and any such percentage may be stated to the near- est whole number per cent except where it is between 49% and 30% or between 50% and 51%. in either of which events it shall be stated to as many decimal places as would be required to indicate the per- centage. to one significant figure, of the proportion of the nominal value of the issued shares of that class represented by one share; and
(c) to the particulars required by subsection (1) there shall be added, with reference to the proportion of the nominal value of the issued shares of a class represented by shares held by a company, a statement of the extent (if any) to which it consists in shares held by, or by a nominee for, a subsidiary of the company and the extent (if any) to which it consists in shares held by, or by a nominee for, the company itself.
(3) Subsection (1) shall not requite the disclo- sure of information with respect to a body corporate which is the subsidiary of another and is incor- porated outside Hong Kong or, being incorporated in Hong Kong, carries on business outside Hong Kong if the disclosure would, in the opinion of the directors of that other, be harmful to the business of that other or of any of its subsidiaries and the Financial Secretary agrees that the information need not be disclosed.
(4) If, in the opinion of the directors of a com- pany having, at the end of its financial year, sub- sidiaries, the number of them is such that compliance
Statement in company's accounts of identitics and places of incorpora
tion of companies not sub- idiaries whose shares it holds, and particulars of those sharc6.
1967 c. 81.
4.
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with subsection (1) would result in particulars of excessive length being given, compliance with that subsection shall not be requisite except in the case of the subsidiaries carrying on the businesses the results of the carrying on of which, in the opinion of the directors, principally affected the amount of the profit or loss of the company and its subsidiaries or the amount of the assets of the company and ita subsidiaries.
(5) Where, in the case of a company, advantage is taken of subsection (4),-
(a) there must be included in the statement required by this section the information that it deals only with the subsidiaries carrying on such businesses as are referred to in that subsection; and
(b) the particulars given in compliance with subsection (1), together with those which, but for the fact that advantage is so taken, would have to be so given, shall be annexed to the annual return first made by the com- pany after its accounts have been laid before it in general meeting.
(6) If a company fails to satisfy an obligation imposed on it by subsection (5) to annex particulars to a return, the company and every officer of the com- pany who is in default shall be liable to a default fine.
129. (1) Subject to the provisions of this sec- tion, where, at the end of its financial year, a com- pany holds shares of any class comprised in the equity share capital of another body corporate (Dol being its subsidiary) exceeding in nominal value one fifth of the nominal value of the issued shares of that class, there shall be stated in, or in a note on, or statement annexed to, the accounts of the company laid before it in general meeting-
(2) the name of that other body corporate: (b) the country in which it is incorporated; (c) the identity of the class and the proportion of the nominal value of the issued shares of