Basic HTML Version
125
Glorious Property
Annual Report 2011
Notes to the Consolidated Financial Statements
(Continued)
31 December 2011
Name
Date of
incorporation/
establishment
Type of
legal entity
Issued/paid-in/
registered
capital
Percentage of
attributable
equity interest
Principal
activities
2010
2011
Incorporated in the PRC (continued):
Shanghai Jinhao Property
Development Co., Ltd.
ɪऎᎀႴגήପක೯Ϟࠢʮ̡
25 December 2009 Limited company RMB10,000,000 100% 100% Property development
Shanghai Mingbao Construction Co., Ltd.
ɪऎᘒܔணʈϞࠢʮ̡
17 January 2004
Limited company RMB100,000,000 100% 100% Interior and exterior
decoration and
renovation
Shanghai Penghui Property Development Co., Ltd.
ɪऎᘄฯໄุϞࠢʮ̡
26 May 2008
Limited company RMB20,000,000
— 100% Property development
Shanghai Shengtong Property
Development Co., Ltd.
ɪऎ௷ஷגήପ೯࢝Ϟࠢʮ̡
19 June 2001
Limited company RMB601,000,000 100% 100% Property development
Shanghai Rongxiang Property
Development Co., Ltd.
ɪऎအୂגήପක೯Ϟࠢʮ̡
29 December 2009 Limited company RMB10,000,000 100% 100% Property development
Shanghai Xintai Property Development Co., Ltd.
ɪऎ㒥इגήପ೯࢝Ϟࠢʮ̡
22 April 1999
Limited company RMB1,400,000,000 100% 100% Property development
and investment
holding
Shanghai Yijing Property Development Co., Ltd.
ɪऎจ౻גήପක೯Ϟࠢʮ̡
22 January 2001
Limited company RMB563,587,214 100% 100% Property development
and investment
holding
Shenyang Glorious Guangchang
Commercial Management Co., Ltd.
ᓨජ㛬ସᄿఙਠุ၍ଣϞࠢʮ̡
7 September 2010 Limited company RMB5,000,000 100% 100% Business management
and property
management
Tianjin Dong’an Construction Co. Ltd.
˂ݵ؇֦ܔணϞࠢʮ̡
11 March 2005
Limited company RMB510,000,000
70% 70% Property development
Tianjin Gangtian Real Estate Investment Co. Ltd.
˂ݵಥ˂גήପҳ༟Ϟࠢʮ̡
21 March 2006
Limited company RMB136,265,000 100% 100% Property development
Notes:
(a) Pursuant to the trust scheme with Jiangsu International Trust Corporation Limited (“Jiangsu Trust”), the Group’s equity interest in Glorious Weida
(Nantong) Property Development Co., Ltd. (“Glorious Weida”) was reduced from 100% to 50.45%. In view of the substance of the arrangement, the
directors are of their opinion that it is a loan arrangement and the Group continues to consolidate 100% of the Glorious Weida and the contribution
from Jiangsu Trust is treated as a financial liability and measured at amortised cost using the effective interest method (note 20(b)).
(b) As at 31 December 2011, equity interests of certain of the Company’s subsidiaries have been pledged for securing the Group’s borrowings.
11 Interests in Subsidiaries — Company
(Continued)