Annual Report 2012 - ecoWise Holdings Limited

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104ecoWise Holdings Limitedannual report 201231 OCTOBER 2012NOTES TO THE FINANCIAL STATEMENTS17. INVESTMENTS IN SUBSIDIARIES (CONTINUED)The subsidiaries held by the Group are listed below:EffectivePercentage ofEquityCountry ofHeld by GroupIncorporation/2012 2011Name of SubsidiaryPlace of OperationsPrincipal Activities% %Held by the CompanyAsia Cleantech Hub Pte. Ltd. (a) Singapore Investment holding 100 –(Incorporated on 6 January 2012)Bee Joo Environmental Pte. Ltd. (a) Singapore General waste management services 100 100Bee Joo Industries Pte. Ltd. (a) Singapore Processing and recycling of usedcopper slag, horticultural and otherwaste and operating of biomass cogenerationplant100 100ecoWise Energy Pte. Ltd. (a) Singapore Renewable energy business 100 100ecoWise International Pte. Ltd. (a) Singapore International procurement and tradingof rubber related goods and researchand experimental development onenvironment and clean technologies100 100ecoWise Resources Pte. Ltd. (a) Singapore Processing and recycling of horticulturaland other waste100 100ecoWise Solutions Pte. Ltd. (a) Singapore Developing and commercialisingecology solutions, research anddevelopment of technologies relating toenvironmental solutions100 100ecoWise Ventures Pte. Ltd. (a) Singapore Investment holding 100 100Sunrich Resources Sdn. Bhd. (a) Malaysia Investment holding 100 100
ecoWise Holdings Limitedannual report 201210531 OCTOBER 2012NOTES TO THE FINANCIAL STATEMENTS17. INVESTMENTS IN SUBSIDIARIES (CONTINUED)EffectivePercentage ofEquityCountry ofHeld by GroupIncorporation/2012 2011Name of SubsidiaryPlace of OperationsPrincipal Activities% %Held by subsidiariesEco Environmental (S) Pte. Ltd. (d) Singapore Dormant 100 100ecoWise Technologists andSingapore Provision of environmental solutionsEngineers Pte. Ltd. (a) consultancy services80 80ecoWise Marina Power Pte. Ltd. (a) Singapore Operation and maintenance of biomassco-generation plant100 100Envirox Pte. Ltd. (d) Singapore Dormant 100 100ecoWise RubberTech Pte. Ltd.Singapore Processing of rubberised related goodsCorporation Pte. Ltd) (a)(formerly known as Sunrichand investment holding100 100Chongqing ecoWise InvestmentPRC Service provider for project andManagement Co., Ltd. (b) investment consultancy andmanagement100 100Wuhan ecoWise EnergyPRC Generation and sale of electricity andCo., Ltd. (a)(c) steam49 49Sunrich Integrated Sdn. Bhd. (a) Malaysia Investment holding 100 70Autoways Industries Sdn. Bhd. (a) Malaysia Trading of retread tyres and relatedrubberised products76 53Ecogreen Products andMalaysia Production, trading and consultancyServices Sdn. Bhd. (a) services related to biomass products80 –
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