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Full Report - Fraser and Neave Limited

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NOTES TO THE FINANCIAL STATEMENTS<br />

for the year ended 30 September 2006<br />

42. SUBSIDIARY, JOINT VENTURE AND ASSOCIATED COMPANIES (cont’d)<br />

SUBSIDIARY COMPANIES OF TIMES PUBLISHING GROUP (cont’d)<br />

176 <strong>Fraser</strong> <strong>and</strong> <strong>Neave</strong>, <strong>Limited</strong> & Subsidiary Companies Annual <strong>Report</strong> 2006<br />

Effective<br />

Shareholding<br />

2006 2005 Principal Activities<br />

Country of Incorporation: Hong Kong<br />

Place of Business: Thail<strong>and</strong><br />

(A) Far East Publications Ltd 100.0% 100.0% Books<br />

Country of Incorporation <strong>and</strong> Place of Business: Thail<strong>and</strong><br />

(A) Marshall Cavendish International (Thail<strong>and</strong>) Co. Ltd 49.0% 49.0% Publishing<br />

Country of Incorporation <strong>and</strong> Place of Business: Hong Kong<br />

(A) Educational Associates Ltd 100.0% 100.0% Investment Holding<br />

(C) Everbest Printing Holdings Ltd 85.3% 85.3% Investment Holding<br />

(C) Everbest Printing Investment Ltd 85.3% 85.3% Investment Holding<br />

(C) Everbest Printing Company Ltd 85.3% 85.3% Printing<br />

(A) Marshall Cavendish Business Information Private <strong>Limited</strong> 100.0% 100.0% Publishing<br />

[formerly Times Business Information (Hong Kong) Ltd]<br />

(A) Times Education (Hong Kong) Ltd 100.0% 100.0% Dormant<br />

(A) Times Printers (Hong Kong) Ltd 100.0% 100.0% Investment Holding<br />

(A) Times Publishing (Hong Kong) Ltd 100.0% 100.0% Books <strong>and</strong> Magazines<br />

(A) United Publishers Services Ltd 100.0% 100.0% Books<br />

Country of Incorporation: Hong Kong<br />

Place of Business: Hong Kong <strong>and</strong> Taiwan<br />

(A) Educational Technologies <strong>Limited</strong> 100.0% 100.0% Publishing <strong>and</strong> Distribution of Home Library<br />

Country of Incorporation <strong>and</strong> Place of Business: China<br />

(C) Everbest Printing (Panyu Nansha) Co. Ltd 85.3% 85.3% Property Investment<br />

(A) Liaoning Times Xinhua Printers Ltd 51.0% 51.0% Commercial Printing<br />

(A) Shenyang Times Packaging Printing Co Ltd 60.0% 60.0% Commercial Printing & Packaging<br />

(C) Times Publications Design <strong>and</strong> Production (Beijing) Co., Ltd 100.0% 100.0% Publishing Design & Production Services<br />

(C) Guangzhou Times Advertising Company <strong>Limited</strong> 100.0% 100.0% Publication <strong>and</strong> Distribution of Directories<br />

(A) Shanxi Xinhua Times Packaging Printing Co Ltd 51.0% 51.0% Commercial Printing & Packaging<br />

(C) Beijing 21st Century Times Education Centre 90.0% 90.0% Education <strong>and</strong> Training<br />

(All the above companies, incorporated in China, accounting year ends on 31 December)<br />

Country of Incorporation <strong>and</strong> Place of Business: Japan<br />

(A) Kabushiki Kaisha Educational Technologies <strong>Limited</strong> 100.0% 100.0% Educational Training <strong>and</strong> Distribution of<br />

Home Library Reference Books<br />

Country of Incorporation <strong>and</strong> Place of Business: India<br />

(A) Direct Educational Technologies India Pte Ltd 100.0% 100.0% Distribution of Home Library Reference<br />

Books<br />

Notes:<br />

(A) Audited by Ernst & Young in the respective countries.<br />

(B) Not required to be audited under the laws of the country of incorporation.<br />

(C) Audited by other firms of auditors.

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