14
}
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
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.
Proportion of ownership interests
Particulars of issued and paid up capital
Held by the Company
Held
by
subsidiaries
Principal activities
HYFCO Development Company, Limited
1,200,003 shares
100%
Investment holding
The Hong Kong Shipyard Limited
170,000 shares
100%
Shipbuilding and repairs
HYFCO Trading and Investments
2 shares
100%
Trading
Company Limited
HYFCO Estate Management & Agency Limited
2,500,000 shares
100%
Property management
The Hongkong and Yaumati Ferry
1,000,000 shares
100%
Ferry operations
Company Limited
Galaxy Hotel Management Company Limited
1,000,000 shares
100%
Floating restaurant business
Genius Star Development Limited
2 shares
100%
Pico International Limited
6,000,000 shares
100%
Property investment
Investment holding
Hong Kong Ferry Finance Company Limited
2 shares
100%
Funding for group companies
Thommen Limited
2 shares
100%
Investment holding
Lenfield Limited
2 shares
100%
Property development,
investment and financing
HKF Property Investment Limited
2 shares
100%
Property investment
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,
investment and financing
Well Dynamic Limited
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.
123
Hong Kong Ferry (Holdings) Company Limited Annual Report 2017
Page 125Page 126
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