directors - The Lion Group
directors - The Lion Group
directors - The Lion Group
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Effective<br />
Percentage<br />
Name of Company Ownership Principal Activities<br />
2005 2004<br />
Others % %<br />
* Quay Class Ltd 80 – Investment holding<br />
(incorporated in British (inactive during the year)<br />
Virgin Islands)<br />
* Shandong Silverstone LuHe 60 – Manufacturing and distribution<br />
Rubber & Tyre Co Ltd of tyres<br />
(incorporated in the<br />
People’s Republic of China)<br />
* <strong>The</strong> financial statements of these companies were examined by auditors other than the auditors of the<br />
Company.<br />
48. ASSOCIATED COMPANIES<br />
<strong>The</strong> associated companies of the <strong>Group</strong> are as follows:<br />
Financial Place of Effective<br />
Name of Company Year-end Incorporation Equity Interest Principal Activities<br />
2005 2004<br />
% %<br />
Angkasa Welded 30 June Singapore 49 49 Manufacture of welded<br />
Mesh Pte Ltd wire mesh (yet to<br />
commence operations<br />
as of 30 June 2005)<br />
Changchun Fawer - 31 December People’s 50 50 Manufacture of<br />
<strong>Lion</strong> Auto Republic of carburettors<br />
Electromechanical China<br />
Co Ltd<br />
CH Rebar Sdn Bhd 31 December Malaysia – 20 Cutting and bending<br />
steel bars for sale<br />
# Hubei Zenith Heilen 31 December People’s 15 15 Manufacture and sale<br />
Pharmaceutical Republic of of pharmaceutical<br />
Co Ltd China products<br />
Kamiya Corporation 30 June Malaysia 19 19 Property development<br />
Sdn Bhd (yet to commence<br />
operations as of<br />
30 June 2005)<br />
<strong>Lion</strong> Asia Investment 30 June Singapore 20 20 Investment holding<br />
Pte Ltd<br />
105
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