Annual Report 2006 - Venture Corporation Limited

notes to financial statements
December 31, 2006
11 INVESTMENTS IN SUBSIDIARIES (Cont’d)
Name of
Subsidiaries
Country of
Incorporation
and Operation
Proportion of
Ownership
Cost of
Investment
Interest and
Voting Power Held Principal Activities
2006 2005 2006 2005
$’000 $’000 % %
V-Design Services (M)
Sdn Bhd) (wholly-owned
subsidiary of Technocom
Systems Sdn Bhd) (1) Malaysia - - 100 100 Trading in and
manufacturing of
electronic and
computer-related products
PT Venture Electronics
Indonesia (99% owned by
the company and 1%
owned by Multitech
Systems Pte Ltd) (4) Indonesia 337 337 100 100 Dormant (In the process of
voluntary liquidation)
Ventech Data Systems
Pte Ltd
Singapore 5,000 5,000 100 100 Dormant
Venture Electronics
Services (Malaysia)
Sdn Bhd (1) Malaysia 17,777 17,777 100 100 Trading in and
manufacturing of
electronic and
computer-related products
Venture Electronics
Solutions Pte Ltd
Singapore 16,626 16,626 100 100 Manufacture, design,
engineering, customisation
and logistic services
Ventech Investments
Ltd (4)
British Virgin
Islands
90 90 100 100 Investment holding
Univac Precision
Engineering Pte Ltd
Singapore 120,223 120,223 100 100 Manufacture, design,
fabricate, stamping and
injection, metal punching
and spraying, industrial
metal parts, tools and dies
Unison Precision
Industries (M) Sdn Bhd
(wholly-owned subsidiary
of Univac Precision
Engineering Pte Ltd) (1) Malaysia - - 100 100 Dormant (In the process of
voluntary liquidation)
Munivac Sdn. Bhd.
(65.6% owned by Unison
Precision Industries (M)
Sdn Bhd and 34.4%
owned by Univac Precision
Engineering Pte Ltd) (1) Malaysia - - 100 100 Manufacture of electronic
and mechanical
components
annual report 2006
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