Annual Report 2011 - Goodbaby International Holdings Limited

NOTES TO FINANCIAL STATEMENTS
31 December 2011
30. INVESTMENTS IN SUBSIDIARIES - COMPANY (Continued)
Place and Percentage of
date of equity interest Nominal value of
incorporation/ attributable issued/registered
Name registration to the Company paid-up capital Principal activities
Direct Indirect
PCPC PRC – 100% RMB Manufacturing, distribution and
5 November 2008 10,000,000 sale of dining chairs, cribs
and tricycles for children
Goodbaby Child Products PRC 100% RMB Manufacturing, distribution and
Ping Xiang Co., Ltd* (“GCCX”) 26 December 2011 2,000,000 sale of child cloth beds, infant
strollers, bath chairs for
children and stadium chairs
Goodbaby Japan Co., Ltd. Japan – 100% JPYResearch and development
(“GBJP”) 5 February 2008 3,000,000 (“R&D”) services, preliminary
product design
Turn Key Design B.V. (“GBNE”) Netherlands – 100% EURO18,000 R&D services, preliminary
24 January 2008 product design
Prior to the listing of the Company’s shares on the Stock Exchange, the Company pledged a 25%
equity interest in GCPN and a 100% equity interest in GCPC for the borrowings of GBHL from
Taipei Fubon Commercial Bank Company Limited (“Fubon”). The above pledge of equity interests
was released on 24 November 2010 upon the repayment of borrowings from Fubon by GBHL.
Details are included in note 37(c)(ii).
(i) GCPC and PCPC are wholly foreign owned enterprises established in the PRC.
(ii) GCPN is a sino-fgoreign equity joint venture established in the PRC.
(iii) GCCX is a domestic company established in the PRC.
* For identification purpose only
gb international