67
TEHO INTERNATIONAL INC LTD.
Annual Report 2016
NOTES
TO THE FINANCIAL STATEMENTS
Year ended 30 June 2016
Name of subsidiary Principal activity
Principal place
of business
/ Country of
incorporation
Ownership
interest
2016 2015
% %
ECG Consultancy
Pte. Ltd.
(Acquired on 28
November 2014)
Provision of real estate
valuation services
Singapore 100 100
ECG (Cambodia)
Co., Ltd.
(Incorporated
on 29 December
2014)
Provision of real estate agency
and real estate valuation
services
Cambodia 100 55
TEHO Development
(Cambodia)
Pte. Ltd.
(Incorporated
on 4 November
2014)
Investment holding company
and real estate developer
Singapore 100 100
TEHO-SBG
Development
Co., Ltd#
(Incorporated
on 11 November
2014)
Real estate development and
investment
Cambodia
49 49
“Liha” Shipservice
B.V. (Acquired
on 31 December
2014)
Supply of rigging and mooring
equipment
The
Netherlands
100 100
Name of subsidiary Principal activity
Principal place
of business
/ Country of
incorporation
Ownership
interest
2016 2015
% %
Store Rijnmond
B.V. (Acquired
on 31 December
2014)
Supply of rigging and mooring
equipment
The
Netherlands
100 100
ECG Property
Global Pte. Ltd.
(Incorporated on
20 May 2015)
Real estate activities with own
or leased property
Singapore 100 100
#
Although the Group owns less than half of the voting power of the investee, management has
determined that the Group has had control over the investee as it has the right to appoint two
out of three board members and holds the decision-making power over the relevant activities
of the investee.
KPMG LLP is the auditor of all Singapore-incorporated subsidiaries. Other member firms
of KPMG International are auditors of significant foreign-incorporated subsidiaries.
For this purpose, a subsidiary is considered significant as defined under the Singapore
Exchange Limited ListingManual if the Group’s share of its net tangible assets represents
20% or more of the Group’s consolidated net tangible assets, or if the Group’s share of
its pre-tax profits accounts for 20% or more of the Group’s consolidated pre-tax profits.
7 INVESTMENTS IN SUBSIDIARIES (CONT’D)
7 INVESTMENTS IN SUBSIDIARIES (CONT’D)
