61
Straco Corporation Limited • Annual Report 2014
NOTES TO THE FINANCIAL STATEMENTS
6
Investments in subsidiaries (cont’d)
Subsidiaries of the Group are as follows:
Name of subsidiary
Principal activities
Place of
incorporation
and business
Group’s effective
equity interest
Cost of
investment
2014 2013
2014
2013
% % $
$
Infotainment Development &
Management Pte Ltd
1
Provision of management and consulting
services and overall project management
to the Group and third parties
Singapore
100
100 2,535,573 2,535,573
- Straco Creation Pte Ltd
1
Show production and management
as well as creative and artistic content
provider
Singapore
51
51
–
–
New Bay Holdings Pte Ltd
1
Investment holding
Singapore
100
100 12,568,694 12,568,694
- Underwater World Xiamen Co Ltd
3
Operation of aquatic related facilities
and performance
People’s Republic
of China
(“PRC”)
100
100
–
–
Lintong Lixing Cable Car Co Ltd
2
Operation of cable car facilities
PRC
95
95
965,645 965,645
Shanghai Ocean Aquarium Co Ltd
2
Development and operation of aquatic
related facilities
PRC
95
95 26,794,578 26,794,578
Xi’an Lintong Zhongxin Tourism
Development Co Ltd
2
Development and operation of tourism-
related facilities
PRC
95
95
5,206,464 5,206,464
Bay Attractions Pte Ltd
1
Investment holding
Singapore
100
–
28,000,000
–
- Straco Leisure Pte Ltd
1
*
Operation of a circular giant observation
structure and provision of retail space
Singapore
90
100
–
1
76,070,954 48,070,955
1
Audited by KPMG Singapore
2
Audited by KPMG Huazhen
3
Audited by PKF Daxin (formerly known as Zhonglei Certified Public Accountants Co. Ltd, Fujian Branch) and audited by KPMG Huazhen for
consolidation purposes
*
The share of Straco Leisure Pte Ltd was transferred to Bay Attractions Pte Ltd during the year.
