UOBKH/AR09 [web] - ChartNexus

Principal Country of Equity holding by
Name of company activities incorporation Company Subsidiaries
2009 2008 2009 2008
% % % %
Subsidiaries
Held by UOB Kay Hian Private Limited
UOB Kay Hian Nominees Pte Ltd (a) Nominee services Singapore – – 100 100
UOB Kay Hian Research Pte Ltd (a) Research activities Singapore – – 100 100
Held by UOB Kay Hian Overseas Limited
UOB Kay Hian (Hong Kong) Limited (b) Stockbroking Hong Kong, SAR – – 100 100
UOB Kay Hian Futures (Hong Kong)
Limited
Futures broking Hong Kong, SAR – – 100 100
(b)
UOB Kay Hian Finance Limited (b) Money lending Hong Kong, SAR – – 100 100
UOB Kay Hian Asia Limited (f) Dormant Hong Kong, SAR – – – 100
UOB Kay Hian (BVI) Limited (d) Investment holding British Virgin Islands – – 100 100
UOB Kay Hian Investment Consulting Investment consulting People’s Republic – – 100 100
(Shanghai) Company Limited (b) and research services of China
Associates
Held by UOB Kay Hian (Malaysia) Holdings Sdn. Bhd.
Thong & Kay Hian Corporation Under members’ Malaysia – – 30 30
Sdn. Bhd. (e) voluntary liquidation
Thong & Kay Hian Options Sdn. Bhd. (e) Under members’
voluntary liquidation
Malaysia – – 30 30
(a) Audited by Deloitte & Touche LLP, Singapore.
(b) Audited by overseas practices of Deloitte Touche Tohmatsu.
(c) Audited by other auditors.
(d) Audit not required under the laws of the country of incorporation.
(e) Audit not required as company is under members’ voluntary liquidation.
(f) Company deregistered in the current year.
34 EVENTS AFTER THE REPORTING PERIOD
Subsequent to the financial year ended 31 December 2009, the Group’s subsidiary, UOB Kay Hian Securities (Thailand) Public Company
Limited (UOBKH Thailand) held an extraordinary general meeting on 22 January 2010 to approve the acquisition of the brokerage business of
Merchant Partners Securities Public Company Limited (Merchant Partners) for a total consideration of approximately $4.5 million.
On 24 February 2010, the Group announced the issue of 28,837,000 shares by UOBKH Thailand under the sale and purchase agreement as
consideration to be paid to Merchant Partners for the transfer of its stock broking business to UOBKH Thailand.
With the new share issue, the Group’s effective interest in the subsidiary reduced from 83.3% to 76.5%.
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