Notes to Fina - 星島新聞集團

Notes to Fina
Notes to Financial Statements
31 December 2002
44. PARTICULARS OF SUBSIDIARIES (continued)
44.
Place of Nominal Percentage
incorporation/ value of issued of equity
registration share/registered attributable to Principal
Name of subsidiary and operations capital the Company activities
Direct Indirect
Sing Tao Newspapers United States US$250,000 — 100 Newspaper
San Francisco Limitedof America ordinary shares publishing
250,000
Sing Tao (U.K.) United Kingdom £100 — 100 Newspaper
Limited ordinary shares publishing
100
Sing Tao Media Cayman Islands HK$4,196,192 — 100 Investment
Holdings Limited ordinary shares holding
4,196,192
Wealthpop LimitedHong Kong HK$2 — 100 Property holding
ordinary shares
2
Sing Tao Educational Hong Kong HK$10,000 — 100 Book publishing
Publications Limited ordinary shares
10,000
# The subsidiary is a wholly foreign owned enterprise.
#
## The subsidiary is a sino-foreign equity joint venture. It
is not audited by Ernst & Young Hong Kong or other
Ernst & Young International member firms.
##
Ernst & Young
International
The above table lists the subsidiaries of the Company
which, in the opinion of the directors, principally
affected the results for the year or formed a substantial
portion of the net assets and/or liabilities of the Group.
To give details of all the Company’s subsidiaries would,
in the opinion of the directors, result in particulars of
excessive length.
168
Global China Group Holdings Limited Annual Report 2002