United Energy Group Limited - HKExnews
United Energy Group Limited - HKExnews
United Energy Group Limited - HKExnews
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Annual Report 2009<br />
Notes to the Financial Statements<br />
For the nine months ended 31 December 2009<br />
34. SUBSIDIARIES<br />
Particulars of the subsidiaries as at 31 December 2009 are as follows:<br />
Issued and<br />
fully paid<br />
Place of<br />
share capital/<br />
Name of incorporation/ registration Proportion of Principal<br />
subsidiary registration capital ownership interest activities<br />
<strong>Group</strong>’s<br />
Held<br />
effective by the Held by<br />
interest Company subsidiaries<br />
Fine Profit Corporation Hong Kong HK$10,000 100% 100% – Provision of<br />
<strong>Limited</strong><br />
administrative<br />
services<br />
<strong>United</strong> <strong>Energy</strong> International British Virgin US$1 100% 100% – Investment holding<br />
Investments <strong>Limited</strong><br />
Islands<br />
(formerly known as Grand<br />
Hope <strong>Group</strong> <strong>Limited</strong>)<br />
Shenyang Shengtaicheng PRC US$13,021,800 71% – 71% Property investment<br />
Property Development<br />
Company <strong>Limited</strong><br />
(“Shengtaicheng”)<br />
Shenyang Shengtaiyuan PRC RMB60,000,000 56.8% – 80% Dormant during<br />
Logistics Company <strong>Limited</strong><br />
the period<br />
(“Shengtaiyuan”)<br />
<strong>United</strong> Petroleum & Natural British Virgin US$50,000 100% 100% – Production of crude<br />
Gas Investments <strong>Limited</strong> Islands oil in the PRC<br />
(“<strong>United</strong> Petroleum”)<br />
Merry Year British Virgin US$100 100% 100% – Investment holding<br />
Islands<br />
Universe <strong>Energy</strong> International British Virgin US$100 70% – 70% Investment holding<br />
Investments <strong>Limited</strong><br />
Islands<br />
Universe PRC US$10,000,000 70% – 100% Engaged provision of<br />
patented technologies<br />
supporting services to<br />
oilfields<br />
<strong>United</strong> <strong>Energy</strong> International British Virgin US$100 100% 100% – Investment holding<br />
Holdings <strong>Limited</strong><br />
Islands<br />
PCI Bahamas US$100 100% – 100% Investment holding<br />
Shengtaicheng is a sino-foreign equity joint venture, Shengtaiyuan is a domestic enterprise and Universe is a<br />
wholly foreign owned enterprise established in the PRC.<br />
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