Annual Report 2006 - Venture Corporation Limited

notes to financial statements
December 31, 2006
11 INVESTMENTS IN SUBSIDIARIES (Cont’d)
Name of
Subsidiaries
VIPColor Technologies
USA, Inc (wholly-owned
subsidiary of VIPColor
Technologies Pte Ltd) (4)
Country of
Incorporation
and Operation
United States
of America
Proportion of
Ownership
Cost of
Investment
Interest and
Voting Power Held Principal Activities
2006 2005 2006 2005
$’000 $’000 % %
- - 93.8 93.8 Develop and market
colour imaging
products for label
printing
Innovative Trek
Technology Pte Ltd
Singapore 1,780 1,780 100 100 Information system
development and support
Venture Electronics
Mexico S.A. de C.V.
(98% owned by
Innovative Trek
Technology Pte Ltd and
2% owned by Cebelian
Holdings Pte Ltd) (4) Mexico - - 100 100 Dormant (In the process of
voluntary liquidation)
Multitech Systems Pte Ltd Singapore 3,215 3,215 100 100 Trading in and
manufacturing of
electronic and
computer-related products
Scinetic Engineering
Pte Ltd
Singapore 20,913 20,913 60 60 Design, trading in and
manufacturing of
electronic and mechanical
products
SCE Resources Pte Ltd
(wholly-owned subsidiary
of Scinetic Engineering
Pte Ltd) (4) Singapore - - 60 60 Provision of computer
related hardware and
information technology
consultancy services
Scinetic Technology
(HK) Ltd (wholly-owned
subsidiary of Scinetic
Engineering Pte Ltd) (4) Hong Kong - - 60 60 Dormant
Technocom Systems Sdn
Bhd (1) Malaysia 1,543 1,543 100 100 Trading in and
manufacturing of
electronic and
computer-related products
Pintarmas Sdn Bhd
(wholly-owned subsidiary
of Technocom Systems
Sdn Bhd) (1) Malaysia - - 100 100 Trading in and
manufacturing of
electronic and
computer-related products
60 venture corporation limited