12.
INVESTMENT IN SUBSIDIARIES
Company
2015
2014
$’000
$’000
Unquoted equity shares, at cost
14,114
14,114
Impairment losses
(967)
(967)
13,147
13,147
(a)
Composition of the Group
The Group has the following investment in subsidiaries.
Name of subsidiaries
Principal activities
Country of
incorporation/
business
Proportion of
ownership interest
2015
2014
% %
Held by the Company
Jin Heng Li Hardware
Sdn Bhd
(2)
Dormant
Malaysia
79.38
79.38
Oriental Metals Pte Ltd
(1)
Trading and
manufacturing
of steel products
and provisions of
engineering services
Singapore
99.99
99.99
HG Metal Investments
Pte Ltd
(1)
Investment holding
Singapore
100.00
100.00
PT HG Metal Distribution
Indonesia
(3)
Dormant
Indonesia
100.00
100.00
Held by HG Metal
Investments Pte Ltd
Niho (Singapore)
Pte Ltd
(1)
Dormant
Singapore
100.00
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
86
NOTES TO THE
FINANCIAL STATEMENTS
For the financial year ended 31 December 2015
HG METAL MANUFACTURING LIMITED
ANNUAL REPORT 2015
