WILLAS-ARRAY ELECTRONICS (HOLDINGS) LIMITED
136
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED MARCH 31, 2016
20. INVESTMENTS IN SUBSIDIARIES
– continued
Details of the Group’s subsidiaries at March 31, 2106 are as follows:
Issued and
Place of
fully paid share
incorporation/
capital/
Proportion of
establishment and
registered
ownership and voting power
Name of subsidiary
operation
capital
held by the Company
Principal activities
Directly
Indirectly
2016
2015
2016
2015
%
%
%
%
Cleverway Profits Limited
British Virgin
US$7
100
100
–
–
Investment holding
Islands (“BVI”)/
Hong Kong
Array Electronics (China)
Hong Kong/PRC
HK$2
–
–
100
100
Trading of electronic
Limited
(a), (b), (c)
components
Array Electronics Limited
(b), (c)
Hong Kong
HK$2
–
–
100
100
Inactive
ASP Microelectronics
Hong Kong
HK$3,000,000
–
–
60
60
Inactive
Limited
(b), (i)
Bestime Corporation
Hong Kong
HK$2
–
–
100
100
Investment holding
Limited
(b), (c)
Brightway Transportation
Hong Kong
HK$2
–
–
100
100
Provision of
Limited
(b), (c)
transportation services
Elite Vantage Limited
(b), (c)
Hong Kong
HK$2
–
–
100
100
Trading of electronic
components
Full Link Investment
Hong Kong
HK$2
–
–
100
100
Investment holding
Limited
(b), (c)
Joy Port Limited
(b), (e)
Hong Kong
HK$2
–
–
100
100
Property holding
Kind Faith Limited
(b), (c)
Hong Kong
HK$2
–
–
100
100
Investment holding
Leader First Limited
(b), (c)
BVI/Hong Kong
US$1
–
–
100
100
Investment holding
LEC Electronic Components
Hong Kong
HK$1,500,000
–
–
60
60
Inactive
Limited
(b), (i)
Noblehigh Enterprises Inc.
(f)
BVI/Hong Kong
US$60,000
–
–
60
60
Investment holding
