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98
EC World Real Estate Investment Trust ANNUAL REPORT 2016
NOTES TO THE
Financial Statements
For the Financial Year ended 31 December 2016
16. Investments in subsidiaries (continued)
Details of the subsidiaries are as follows:
Name of subsidiary
Principal
activities
Country of
business/
incorporation
Proportion of
ordinary shares held
directly by parent
Proportion of
ordinary shares held
by the Group
2016
2015
2016
2015
%
%
%
%
Fullwealth Investment
Pte. Ltd.*
Investment
holding
Singapore
100
100
100
100
Richwin Investment
Pte. Ltd.*
Investment
holding
Singapore
100
100
100
100
Prorich Investment
Pte. Ltd.*
Investment
holding
Singapore
100
100
100
100
Richport Investment
Pte. Ltd.*
Investment
holding
Singapore
100
100
100
100
Magnasset Investment
Pte. Ltd.*
Investment
holding
Singapore
100
100
100
100
JY Logistics Investment
Pte. Ltd.*
Investment
holding
Singapore
100
–
100
–
Hangzhou Chongxian
Port Investment
Co., Ltd.
#
Port logistics
People's Republic
of China, Hangzhou
–
–
100
100
Hangzhou Chongxian
Port Logistics
Co., Ltd.
#
Port logistics
People's Republic
of China, Hangzhou
–
–
100
100
Hangzhou Bei Gang
Logistics Co., Ltd.
#
E-commerce
logistics
People's Republic
of China, Hangzhou
–
–
100
100
Hangzhou Fu Zhuo
Industrial Co., Ltd.
#
Port logistics
People's Republic
of China, Hangzhou
–
–
100
100
Hangzhou Fu Heng
Warehouse Co., Ltd.
#
E-commerce
logistics
People's Republic
of China, Hangzhou
–
–
100
100
Zhejiang Hengde Sangpu
Logistics Co., Ltd.
#
Specialised
logistics
People's Republic
of China, Hangzhou
–
–
100
100
* Audited by PricewaterhouseCoopers LLP, Singapore.
#
Audited by PricewaterhouseCoopers Zhong Tian LLP, People’s Republic of China.