NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
14
INTEREST IN SUBSIDIARIES (Continued)
Details of the principal subsidiaries at 31 December 2014, which materially affect the results, assets or liabilities of the Group, are as follows:
Proportion of ownership
interests
Particulars of issued and paid
up capital
Held
by the Company
Held
by
Principal
subsidiaries
activities
HYFCO Development Company,
Limited
1,200,003 shares
100%
Property investment
The Hong Kong Shipyard Limited
170,000 shares
100%
Shipbuilding and repairs
HYFCO Trading and Investments
Company Limited
2 shares
100%
Trading
HYFCO Estate Management
& Agency Limited
2,500,000 shares
100%
Property management
HYFCO Travel Agency Limited
3,500,000 shares
100%
Travel business
The Hongkong and Yaumati
1,000,000 shares
100%
Ferry operations
Ferry Company Limited
Galaxy Hotel Management
1,350 shares
Company Limited
100%
Floating restaurant
business
Genius Star Development Limited
2 shares
100%
Property investment
Pico International Limited
6,000,000 shares
100%
Investment holding
2 shares
100%
Group financing
Hong Kong Ferry Finance
Company Limited
Thommen Limited
Lenfield Limited
2 shares
100%
Investment holding
2 shares
100%
Property development,
80 Hong Kong Ferry (Holdings) Company Limited Annual Report 2014
investment and
financing
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