2011 - Li & Fung Limited
2011 - Li & Fung Limited
2011 - Li & Fung Limited
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- fung
- limited
- www.lifung.com
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41 PRINCIPAL SUBSIDIARIES AND ASSOCIATED COMPANIES (CONTINUED)<br />
Note Principal subsidiaries<br />
Place of<br />
Incorporation<br />
and operation<br />
Issued and fully<br />
paid share capital<br />
NOTES TO THE ACCOUNTS (CONTINUED)<br />
Percentage of<br />
equity held by<br />
the Company Principal activities<br />
Kingsbury International <strong>Li</strong>mited Hong Kong Ordinary HK$2 100 Export trading<br />
KVZ International <strong>Li</strong>mited British Virgin Islands Ordinary US$1 100 Investment holding<br />
La Villa Development <strong>Li</strong>mited Hong Kong Ordinary HK$1 100 Design and marketing of<br />
toys<br />
LamaLo<strong>Li</strong> GmbH Germany Euro 25,000 100 Wholesaling<br />
(2) Lenci Calzature SpA Italy Euro 206,400 100 Design, marketing and<br />
sourcing<br />
LF Accessories Group LLC U.S.A. Capital contribution US$1 100 Export trading<br />
LF Asia (Hong Kong) <strong>Li</strong>mited<br />
Hong Kong Ordinary HK$146,000,000 100 Distribution of consumer<br />
(formerly known as IDS<br />
and pharmaceutical<br />
(Hong Kong) <strong>Li</strong>mited)<br />
products<br />
LF Asia (Malaysia) Sdn. Bhd.<br />
Malaysia Ordinary RM14,231,002 100 Distribution of consumer,<br />
(formerly known as IDS Services<br />
pharmaceutical, and<br />
(Malaysia) Sdn. Bhd.)<br />
medical equipment<br />
products<br />
LF Asia (Singapore) Pte. Ltd.<br />
Singapore Ordinary S$300,000<br />
100 Distribution of healthcare<br />
(formerly known as IDS Marketing<br />
(Singapore) Pte. Ltd.)<br />
Preference S$60,000<br />
products<br />
LF Asia (Taiwan) <strong>Li</strong>mited (formerly Hong Kong Ordinary HK$1 100 Retail of apparel and<br />
known as Branded <strong>Li</strong>festyle Taiwan<br />
Holdings <strong>Li</strong>mited)<br />
accessories<br />
LF Asia Sebor (Sabah) Sdn. Bhd. Malaysia Ordinary RM9,850,000 60 Distribution of consumer<br />
(formerly known as IDS Sebor<br />
Sabah Sdn. Bhd.)<br />
products<br />
LF Asia Sebor (Sarawak) Sdn. Bhd. Malaysia Ordinary RM5,000,000 67.09 Distribution of consumer<br />
(formerly known as IDS Sebor<br />
(Sarawak) Sdn. Bhd.)<br />
products<br />
LF Beauty Inc. U.S.A. Common stock US$1 100 Investment holding<br />
LF Beauty <strong>Li</strong>mited Hong Kong Ordinary HK$1 100 Export trading<br />
LF Beauty Pte. Ltd. Singapore Ordinary S$10,000 100 Export trading<br />
(2) LF Beauty (Shenzhen) Ltd The People’s HK$8,500,000 100 Export trading<br />
Republic of China<br />
foreign-owned<br />
enterprise<br />
LF Beauty (UK) <strong>Li</strong>mited England Ordinary GBP100 100 Design, marketing and<br />
manufacturing<br />
(2) LF Capital (II) <strong>Li</strong>mited British Virgin Islands Class “A” US$185<br />
Class “B” US$115<br />
75 Investment holding<br />
(2) LF Capital Management <strong>Li</strong>mited British Virgin Islands Ordinary US$1 100 Investment management<br />
LF Centennial Pte. Ltd. Singapore Ordinary S$100,000 100 Export trading<br />
LF Centennial Services (Hong Kong)<br />
<strong>Li</strong>mited<br />
Hong Kong Ordinary HK$1 100 Export trading services<br />
LI & FUNG LIMITED | ANNUAL REPORT <strong>2011</strong> 153