86
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2014
NOTES TO THE
FINANCIAL STATEMENTS
for the financial year ended 31 December 2014
12.
INVESTMENT IN SUBSIDIARIES (CONT’D)
(a)
Composition of the Group (cont’d)
Name of subsidiaries
Principal activities
Country of
incorporation/
business
Proportion
of ownership
interest
2014 2013
% %
Held by HG Metal
Investments Pte Ltd
Niho (Singapore) Pte Ltd
(1)
Dormant since September
2014
Singapore 59.03 59.03
HG Construction Steel
Pte Ltd
(1)
Supply of steel material to
the construction industry
and rental of metal plates
Singapore 100.00 100.00
HG Metal Manufacturing
Sdn Bhd
(2)
Trading and manufacturing
of steel products
Malaysia 100.00 100.00
HG Metal Pte Ltd
(1)
Investment holding
Singapore 100.00 100.00
Held by HG Metal
Manufacturing Sdn Bhd
HG Metal Distribution
Sdn Bhd
(2)
Trading and manufacturing
of steel products
Malaysia 100.00 100.00
(1)
Audited by Ernst & Young LLP, Singapore.
(2)
Audited by RSM Robert, Teo, Kuan & Co., Malaysia.
(3)
Not required to be audited under the laws of the country of incorporation.
