notes to the financial statements - Investor Relations

NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2011
6 SUBSIDIARIES (CONT’D)
Name of subsidiaries
Country of
incorporation/
business
Annual Report 2011
Effective
interest held
by the Group
2011 2010
% %
1 CWT Commodities (China) Pte Ltd Singapore 100.0 100.0
1 CWT Commodities (SEA) Pte Ltd Singapore 100.0 100.0
1 CWT Commodities Warehousing Pte Ltd Singapore 100.0 100.0
1 Cache Property Management Pte Ltd Singapore 60.0 60.0
1 Force 21 Equipment Pte Ltd Singapore 70.0 70.0
1 SM Integrated Transware Pte Ltd Singapore 100.0 100.0
2 CWT Commodities (Antwerp) NV Belgium 70.0 100.0
2 Globelink International Pty Limited Australia 65.0 65.0
2 Globelink WW India Pvt Ltd India 51.0 51.0
2 Globelink Uniexco S.L. Spain 56.0 56.0
2 Globelink-Trans (Tianjin) International Forwarding Co., Ltd People’s Republic of China 100.0 100.0
3 49 Pandan Pte Ltd Singapore 100.0 100.0
4 CWT Tianjin Logistic Hub Co., Ltd People’s Republic of China 100.0 100.0
5 Globelink Container Lines (JB) Sdn. Bhd. Malaysia 90.0 90.0
2 CWT Sitos Group B.V. The Netherlands 70.0 60.0
2 Sitos Commodities (Amsterdam) B.V. The Netherlands 70.0 60.0
6 CWT Commodities Shanghai Warehousing Management Co., Ltd People’s Republic of China 51.0 51.0
8 Straits Financial LLC United States of America 93.3 80.0
1 Straits Financial Group Pte Ltd
(Formerly known as CWT Banc Holdings Pte Ltd)
Singapore 100.0 100.0
2 MRI Trading AG Switzerland 96.6 –
2 CWT Europe B.V. The Netherlands 70.0 100.0
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