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56 VTech Holdings Ltd Annual Report 2009
NOTES TO THE FINANCIAL STATEMENTS
24 PRINCIPAL SUBSIDIARIES
Details of the Company’s interest in those subsidiaries which materially affect the results or assets of the Group as at
31st March 2009 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 *100 Design, manufacture and
sale of electronic
equipment
Deferred HK$5,000,000
VTech Electronics Limited Ordinary HK$5,000,000 *100 Design, manufacture and
distribution of electronic
products
VTech Telecommunications Limited Ordinary HK$1,000 *100 Design, manufacture and
distribution of
telecommunication
products
Deferred HK$5,000,000
Perseus Investments Limited Ordinary HK$1,000 100 Property holding
Deferred HK$1,000
Valentia Investment Limited Ordinary HK$1,000 100 Property holding
Deferred HK$1,000
Incorporated and operating in Canada:
VTech Technologies Canada Limited Class A CAD5,000 *100 Sale of telecommunication
and electronic productsClass B CAD195,000 *100
Incorporated and operating in France:
VTech Electronics Europe S.A.S. EUR450,000 *100 Sale of electronic products
Incorporated and operating in Germany:
VTech Electronics Europe GmbH EUR500,000 *100 Sale of electronic products
Incorporated and operating in the Netherlands:
VTech Electronics Europe B.V. EUR18,100 *100 Sale of electronic products
Established and operating in the People’s Republic of China:
VTech (Qingyuan) Plastics & Electronics Limited** HK$263,000,000 *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
** Wholly-owned foreign enterprise