126
ANNUAL REPORT 2016
NOTES TOTHE FINANCIAL STATEMENTS
30 JUNE 2016
(Continued)
10. INVESTMENTS IN SUBSIDIARIES (continued)
(a)
The details of the subsidiaries are as follows (continued):
Name of company
Country of
incorporation
Effective interest
in equity
Principal activities
2016
%
2015
%
Subsidiaries of Active World Pte. Ltd.
(continued)
SBLS Pte. Ltd.
(1)
Singapore
100
100 Wholesaling, retailing and marketing of
fashionable footwear, carrywear and
accessories
Active Franchise Pte. Ltd.
(1)
Singapore
100
100 General wholesale trade including general
importers and exporters
Active Footwear Pte. Ltd.
(1)
Singapore
100
100 Marketing, retailing and distribution of
fashionable footwear
Bruno Magli South East Asia Pte. Ltd.
(1)
Singapore
70
70 Wholesaling, retailing and marketing of leather
goods, footwear, and accessories
PT Active World
(2)
Indonesia
100
100 Investment holding
Subsidiaries of Kin Sheng Group Limited
Guangzhou Jia Li Bao Leather Fashion Co.
Ltd. (“GJLB”)
(3)
China
-
100 Dissolved
Kin Sheng International Trading Co.
Limited
(1)
Hong Kong
100
100 General trading and marketing of fashionable
goods
Subsidiaries of Jeco (Pte) Limited
Lianbee-Jeco Pte. Ltd. (“LJPL”)
(1)
Singapore
70
70 Retailing, importing and exporting leather goods
and general merchandise
Lianbee-Jeco (M) Sdn. Bhd.
Malaysia
70
70 Trading in leather products
BB Global Holdings Pte. Ltd. (“BBGH”)
(1)
Singapore
35.7
-
Intellectual property management company
IBB Pte. Ltd. (“IBB”)
(1)
Singapore
70
-
General wholesale trade
PT Jeco Investment Indonesia (“PTJII”)
(1)
Indonesia
70
-
Property investment
(1)
Subsidiaries audited by BDO Member Firms.
(2)
Subsidiaries audited by firms of auditors other than BDO.
(3)
Audited financial statements is not available as the subsidiary was dissolved during the financial year 2016.
(4)
Audited financial statements is not available as the subsidiary was dissolved on 21 July 2016.
(5)
Auditors are yet to be appointed as the subsidiary was newly incorporated during the financial year 2016.
