Investor Presentaiton
HKAS 1.51(a)
HKAS 1.49
HKFRS 12.10
HKAS 24.13
A16(9)
HK Listco Ltd
Financial statements for the year ended 31 December 2023
14 INVESTMENTS IN SUBSIDIARIES 143, 184
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. 185
Place of
incorporation
Name of
company
and
business186
Particulars of issued
and paid up capital
and debt securities /
registered capital 185
Proportion of ownership interest
Group's
effective
interest
Held by
the
company
Held by a
subsidiary 187
Principal activity
ABC
Hong Kong
10,000,000 shares
100%
100%
Electronics
Manufacture of electronic
products
Limited
BB Trading
Limited
Hong Kong
1,000,000 shares
67.5%
67.5%
Wholesaling and retailing of
electronic products
#Best
Property
Chinese
Mainland
## RMB 10,000,000
100%
100%
Property investment
Company
Limited
Best
Solutions
Limited
Hong Kong
100,000 shares
100%
100%
Design of electronic systems
Bright Light
Limited
Hong Kong
2,000,000 shares
100%
100%
Construction and trading
Bright
Hong Kong
Property
Limited
5,000,000 shares and
HK$ 5 million
debentures 8% 2024
(Note 25)
100%
100%
Property investment
Brilliant
Hong Kong
1,000,000 shares
100%
100%
Property development
Property
Limited
Future
Trading
Limited
Hong Kong
2,000,000 shares
100%
100%
Investment holding
Smart
Singapore
Electronics
Limited
2,000,000 shares of
S$ 1 each
100%
100%
Manufacture of electronic
products
*P.J.
USA
Enterprise
Limited
500,000 shares of
US$ 1 each
100%
100%
Marketing of electronic
products
*Solid
USA
Trading Inc
500,000 shares of
US$ 1 each
90%
90%
Wholesaling
and retailing of electronic
products
Wilson
Industries Sdn
Bhd
Malaysia
2,000 shares of MYR
70%
70%
1 each
PNote 600.1(22)&(24)
*
A16(9)(1)
CP
Manufacture of electronic
products
Companies not audited by KPMG. The financial statements of the subsidiaries not audited by KPMG
reflect total net assets and total revenue constituting approximately [●] % and [●] % respectively
of the related consolidated totals.
# Wholly-owned foreign enterprise in Chinese Mainland 186
## Out of RMB 10,000,000 registered capital, RMB 8,000,000 is paid up.
119
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