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VTech Holdings Ltd Annual Report 2008 51
23 PRINCIPAL SUBSIDIARIES
Details of the Company’s interest in those subsidiaries which materially a ect the results or assets of the Group as at 31st March 2008
are set out below:
Name of subsidiary
Fully paid issued
share capital
Percentage of
interest held by
the Group Principal activity
Incorporated and operating in Hong Kong:
VTech Communications Limited Ordinary HK$1,000
Deferred HK$5,000,000
*100 Design, manufacture and sale of
electronic equipment
VTech Electronics Limited Ordinary HK$5,000,000 *100 Design, manufacture and
distribution of electronic
products
VTech Telecommunications Limited Ordinary HK$1,000
Deferred HK$5,000,000
*100 Design, manufacture and
distribution of
telecommunication products
Perseus Investments Limited Ordinary HK$1,000
Deferred HK$1,000
100 Property holding
Valentia Investment Limited Ordinary HK$1,000
Deferred HK$1,000
100 Property holding
Incorporated and operating in Canada:
VTech Technologies Canada Limited
(Formerly VTech Telecommunications
Canada Limited)
Class A CAD5,000
Class B CAD195,000
*100
*100
Sale of telecommunication and
electronic products
Incorporated and operating in France:
VTech Electronics Europe S.A.S. EUR2,067,310 *100 Sale of electronic products
Incorporated and operating in Germany:
VTech Electronics Europe GmbH EUR2,600,000 *100 Sale of electronic products
Incorporated and operating in the Netherlands:
VTech Electronics Europe B.V. EUR18,100 *100 Sale of electronic products
Incorporated and operating in the People’s Republic of China:
VTech (Qingyuan) Plastics & Electronics Limited HK$228,667,810 *100 Manufacturing of plastics
products
Incorporated and operating in Spain:
VTech Electronics Europe, S.L. EUR500,000 *100 Sale of electronic products
Incorporated and operating in the United Kingdom:
VTech Electronics Europe Plc GBP500,000 *100 Sale of electronic products
Incorporated and operating in the United States:
VTech Electronics North America, L.L.C. US$22,212,997 *100 Sale of electronic products
VTech Communications, Inc. US$300,000 *100 Sale of telecommunication
products
* Indirectly held by subsidiary companies