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Powering growth - Aztech Group Ltd - Investor Relations

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F i n a n c i a l S t a t e m e n t sa z t e c h a n n u a l r e p o r t 2 0 0 97512 INVESTMENT IN SUBSIDIARIES (cont’d)The subsidiaries of the <strong>Group</strong> are set out below:Proportion ofPlace of ownership interest Cost ofincorporation and voting power investmentName of company and operation held by the <strong>Group</strong> by the Company Principal activity2009 2008 2009 2008% % $’000 $’000Held by the Company<strong>Aztech</strong> Electronics Pte <strong>Ltd</strong> (7) Singapore 100 - 69,130 - Investment holding company<strong>Aztech</strong> Systems GmbH (2) Germany 100 100 6,550 6,539 Distribution and sale ofmulticommunicationproducts and computer peripheralsand provision of marketing servicesHitemco Pte <strong>Ltd</strong> Singapore 100 100 3,000 3,000 Development of andinvestment in propertiesAZ United Pte <strong>Ltd</strong> Singapore 100 100 10,813 10,678 Non-building construction relatedworks, including supply andprocurement of building constructionmaterialsAZ Marine Pte <strong>Ltd</strong> Singapore 100 100 1,235 1,033 Chartering, operatingand management of seagoing vessels and provisionof marine transportation servicesHeld by <strong>Aztech</strong> Electronics Pte <strong>Ltd</strong>AZ – Technology Sdn Bhd (1) Malaysia 100 100 - 94 Distribution and sale ofmulticommunication productsand computer peripherals andprovision of marketing services<strong>Aztech</strong> Labs, Inc. (2) United States 100 100 - 24,627 Distribution and sale ofof Americamulticommunication products andcomputer peripherals andprovision of marketingservices<strong>Aztech</strong> International <strong>Ltd</strong> (1) Hong Kong 100 100 - * Distribution and sales of electronicproducts

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