65
VTech Holdings Limited
Annual Report 2014
21 Investment in Subsidiaries and Amounts due from/(to) Subsidiaries
(a)
Details of the Company’s interest in those subsidiaries which materially affect the results or assets of the Group as at 31 March 2014
are set out below:
Percentage of
Particulars of issued interest held by
Name of subsidiary
and paid up capital
the Group Principal activity
Incorporated/established and operating in Hong Kong:
VTech Communications Limited
1,000 ordinary shares
*100 Design, manufacture and sale of
electronic products
5,000,000 deferred shares
VTech Electronics Limited
5,000,000 ordinary shares
*100 Design, manufacture and distribution
of electronic products
VTech Telecommunications Limited
1,000 ordinary shares
*100 Design, manufacture and distribution
of telecommunication products
5,000,000 deferred shares
Perseus Investments Limited
1,000 ordinary shares
100 Property holding
1,000 deferred shares
Valentia Investment Limited
1,000 ordinary shares
100 Property holding
1,000 deferred shares
VTech Finance Limited
1,000,000 ordinary shares
*100 Provision of group financing services
Incorporated/established and operating in Australia:
VTech Telecommunications (Australia) Pty Limited AUD1
*100 Sale of telecommunication products
Incorporated/established and operating in Canada:
VTech Technologies Canada Ltd.
Class A CAD5,000
*100 Sale of telecommunication and
electronic products
Class B CAD195,000
*100
Incorporated/established and operating in France:
VTech Electronics Europe S.A.S.
EUR450,000
*100 Sale of electronic products
Incorporated/established and operating in Germany:
VTech Electronics Europe GmbH
EUR500,000
*100 Sale of electronic products
VTech IAD GmbH
EUR25,000
*100 Development of broadband
connectivity software
Incorporated/established and operating in the Netherlands:
VTech Electronics Europe B.V.
EUR18,100
*100 Sale of electronic products
Incorporated/established and operating in the
People’s Republic of China:
VTech (Dongguan) Telecommunications Limited** HK$52,500,000
*100 Manufacturing of telecommunication
products
VTech (Dongguan) Electronics Limited**
HK$64,800,000
*100 Manufacturing of electronic products
VTech (Dongguan) Communications Limited**
HK$49,186,165
*100 Manufacturing of electronic products
VTech (Dongguan) Plastic Products Co., Ltd.**
HK$20,000,000
*100 Manufacturing of plastics products
VTech (Dongguan) Electronics Industrial Co., Ltd.** HK$18,725,011
*100 Manufacturing and sale of electronic
products
VTech (Qingyuan) Plastic & Electronics Co., Ltd**
HK$293,000,000
*100 Manufacturing of plastics products
VTech Electronics Industrial (Shenzhen) Co., Ltd**
HK$10,000,000
*100 Sale of telecommunication and
electronic products
Incorporated/established and operating in Spain:
VTech Electronics Europe, S.L.
EUR500,000
*100 Sale of electronic products
Incorporated/established and operating in the
United Kingdom:
VTech Electronics Europe Plc
GBP500,000
*100 Sale of electronic products
Incorporated/established and operating in the
United States:
VTech Electronics North America, L.L.C.
US$22,212,997
*100 Sale of electronic products
VTech Communications, Inc.
US$300,000
*100 Sale of telecommunication products
*
Indirectly held by subsidiary companies
**
Wholly-owned foreign enterprise
(b)
The amounts due from/(to) subsidiaries are unsecured, interest free and have no fixed terms of repayment.
