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Glorious Property
120
Annual Report 2011
Notes to the Consolidated Financial Statements
(Continued)
31 December 2011
11 Interests in Subsidiaries — Company
RMB’000
2011
2010
Unlisted shares, at cost
—
—
Advances to subsidiaries (a)
7,400,320
6,674,469
7,400,320
6,674,469
(a) The advances to subsidiaries are unsecured, interest-free and have no fixed terms of repayment. In the opinion
of the Company’s directors, these advances are considered as quasi-equity loans to the subsidiaries.
Particulars of the subsidiaries of the Company as at 31 December 2011 are set out below:
Name
Date of
incorporation/
establishment
Type of
legal entity
Issued/paid-in/
registered
capital
Percentage of
attributable
equity interest
Principal
activities
2010
2011
Directly held:
Incorporated in the British Virgin Islands (the “BVI”):
Bright New Investments Limited
อҳ༟Ϟࠢʮ̡
2 May 2007
Limited company
US$50,000 100% 100% Investment holding
Indirectly held:
Incorporated in the BVI:
Achieve Triumph Limited
༺௱Ϟࠢʮ̡
6 April 2011
Limited company
US$1
— 100% Investment holding
Allied Honest Holdings Limited
30 March 2006
Limited company
US$1,000 100% 100% Investment holding
Better Score Limited
25 February 2009 Limited company
US$1
— 100% Investment holding
East Harbour Development Limited
9 March 2006
Limited company
US$1,000 100% 100% Investment holding
East Plus Enterprises Limited
؇ձΆุϞࠢʮ̡
25 November 2010 Limited company
US$1 100% 100% Investment holding
Grand Target Group Limited
ё༺ණྠϞࠢʮ̡
23 January 2006
Limited company
US$1,000 100% 100% Investment holding
Highest Reach Limited
9 March 2007
Limited company
US$50,000 100% 100% Investment holding
Jolly Rich Limited
బϞࠢʮ̡
25 March 2011
Limited company
US$1
— 100% Investment holding
May Gain Limited
ߕޮϞࠢʮ̡
6 April 2011
Limited company
US$1
— 100% Investment holding
Regal World Development Limited
21 February 2006 Limited company
US$1,000 100% 100% Investment holding
Vieward Group Limited
౻ΣණྠϞࠢʮ̡
15 February 2006 Limited company
US$1,000 100% 100% Investment holding
Incorporated in Hong Kong:
Cheston Holdings Limited
ՙණྠϞࠢʮ̡
14 June 2006
Limited company
HK$1 100% 100% Investment holding
Extreme (Asia) Limited
͑ձԭݲϞࠢʮ̡
15 May 2006
Limited company
HK$1 100% 100% Investment holding
Fast Right Limited
15 December 2006 Limited company
HK$10,000 100% 100% Investment holding
Glorious Corporate Services Limited
12 July 2010
Limited company
HK$1 100% 100% Provision of corporate
services