NOTES TO THE FINANCIAL STATEMENTS
For the Financial Year Ended 31 December 2014
47 SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES (CONT’D)
Country of
Incorporation
Principal
Place of
Business
Business
Effective
Shareholding
2014
2013
%
%
Associates
Held by the Company:
Johan Kekal Sendirian Berhad
ØØ
(Accounting year ended 31 December)
Malaysia
Malaysia Property development
45
45
Taiko-Straits Developments Sdn. Bhd.
(1)
(Accounting year ended 30 June)
Malaysia
Malaysia Property development
30
30
Associates
Held through subsidiaries:
Guilin Hinwei Tin Co Ltd.
(7) ß
(Accounting year ended 31 December)
People’s
Republic of
China
People’s
Republic of
China
Dormant
19
19
Redring Solder (M) Sdn. Bhd.
(1) ß
(Accounting year ended 31 December)
Malaysia
Malaysia Manufacture and sale
of solder products
22
22
ARA Asset Management Limited
(2)
(Accounting year ended 31 December)
Bermuda Singapore
Asset/Fund
management
20
20 (b)
Far East Hospitality Holdings Pte. Ltd.
(4)
(Accounting year ended 31 December)
Singapore
Singapore
Owner, operator and
manager of hospitality
properties
30
30
Joint Ventures
Held through subsidiaries:
Coastal Coffees Pty Ltd
(3)
(Accounting year ended 30 June)
Australia
Australia
Restaurant
50
50
KM Resources, Inc.
(1)
ß ++
(Accounting year ended 31 December)
Labuan,
Malaysia
Labuan,
Malaysia
Investment holding
16
16
Africa Smelting Corporation Sprl
(5)
ß +++
(Accounting year ended 31 December)
Democratic
Republic of
Congo
Democratic
Republic of
Congo
Tin smelting
22
22
The subsidiaries are audited by Ernst & Young LLP, Singapore unless stated otherwise.
(1)
Audited by member firms of Ernst & Young Global in the respective countries.
(2)
Audited by KPMG LLP, Singapore.
(3)
Audited by KPMG LLP, Australia.
(4)
Audited by PricewaterhouseCoopers LLP, Singapore.
(5)
Audited by PricewaterhouseCoopers LLP, Africa.
(6)
Audited by AT Konsortium.
(7)
Audited by
广西立信会计事务所有限公司
.
(8)
Audited by Herman Dody Tanumihardja & Rekan.
ß
Subsidiaries/Associates/Joint Ventures of listed subsidiaries.
Ø
These subsidiaries were voluntarily liquidated in 2014.
ØØ
Voluntary liquidation in progress and no audit is required for 2014.
170
THE STRAITS TRADING COMPANY LIMITED ANNUAL REPORT 2014
