NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
14
INTEREST IN SUBSIDIARIES (Continued)
Proportion of ownership interests
Held by the Company subsidiaries
Particulars of
issued and paid
up capital
The Hongkong and Yaumati
1,000,000 shares
100%
Held
by
Principal activities
Ferry operations
Ferry Company Limited
Galaxy Hotel Management
1,000,000 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
Hong Kong Ferry Finance
Company Limited
Thommen Limited
2 shares
100%
Funding for group
companies
2 shares
100%
Investment holding
Lenfield Limited
2 shares
100%
Property development,
investment and
financing
Property investment
HKF Property Investment Limited
2 shares
100%
Join Galaxy Limited
2 shares
100%
Property financing
Merry World Assets Limited
50,000 shares
100%
Investment holding
Jet Legend Limited
1 share
100%
Property development
and financing
World Light Limited
1 share
100%
Property development,
Well Dynamic Limited
investment and
financing
1 share
100%
Property development,
investment and
financing
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
110
Annual Report 2016
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