NOTES TO
THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 MAY 2015
104
GKE CORPORATION LIMITED
ANNUAL REPORT 2015
15.
INVESTMENTS IN ASSOCIATES
The Group’s material investments in associates are summarised below:
2015
2014
$’000
$’000
GKE Metal Logistics Pte Ltd and its subsidiaries
7,692
7,546
Maoming City Hung Ji Construction Materials Co., Ltd
2,138
1,967
9,830
9,513
Name of associates
(Country of incorporation and
principal place of business)
Principal activities
Proportion of
ownership interest
2015
2014
%
%
Held by the Company
GKE Metal Logistics Pte Ltd
i
(Singapore)
Provision of storage, freight
forwarding, warehousing, packing,
removal and delivery services
49
49
Held through GKE Metal Logistics Pte Ltd
GKE (Shanghai) Metal Logistics
Co., Ltd.
ii
(People’s Republic of China)
Provision of storage, freight
forwarding, warehousing, packing,
removal and delivery services
32
32
Held through GKE (Shanghai) Metal Logistics Co., Ltd.
Shanghai GKE Logistics Co., Ltd.
ii
(People’s Republic of China)
Provision of storage, freight
forwarding, warehousing, packing,
removal and delivery services
32
32
Held through Ever Flourish Development (HK) Co., Ltd
Maoming City Hung Ji Construction
Materials Co., Ltd
iii
(People’s Republic of China)
Produces and manufactures
environmental friendly lightweight
brick, building materials and
cement products
40
40
i.
Audited by Deloitte & Touche LLP.
ii.
Audited by Shanghai Yinhu Certified Public Accountants.
iii.
Audited by Maoming City Ming Zheng Certified Public Accountants.
