NOTES TO THE FINANCIAL STATEMENTS
For the financial year ended 31 December 2014
Financial Statements
115
Annual Report 2014
21.
Investments in subsidiaries
(continued)
Name
Principal
activities
Country of
incorporation/
business
Cost of
investment
Proportion of
ordinary shares
directly held by
the Company
Proportion of
ordinary shares
held by the
Group
Proportion of
ordinary shares
held by non-
controlling
interests
2014
2013
2014
2013
2014
2013
2014
2013
$’000
$’000
%
%
%
%
%
%
COSCO
(Hongkong)
Shipyard Co.,
Ltd (vi)
Provision of
shipyard
financing,
marketing and
sales of
shipbuilding and
offshore projects
PRC
–
–
–
–
51
–
49
–
Cos Fair
Shipping
Pte Ltd (i)
Ship owning and
ship chartering
Singapore/
Worldwide
–
–
–
–
100
100
–
–
Cos Glory
Shipping
Inc. (i)
Ship owning and
ship chartering
Panama/
Worldwide
–
–
–
–
100
100
–
–
Hanbo
Shipping
Limited (ii)
Ship owning and
ship chartering
Hong Kong/
Worldwide
–
–
–
–
100
100
–
–
Sanbo
Shipping
Limited (ii)
Ship owning and
ship chartering
Hong Kong/
Worldwide
–
–
–
–
100
100
–
–
Cos Orchid
Shipping Pte
Ltd (i)
Ship owning and
ship chartering
Singapore/
Worldwide
–
–
–
–
100
100
–
–
Cos Prosperity
Shipping
Pte Ltd (i)
Ship owning and
ship chartering
Singapore/
Worldwide
–
–
–
–
100
100
–
–
Cos Knight
Shipping
Maritime
Inc. (i)
Ship owning and
ship chartering
Panama/
Worldwide
–
–
–
–
100
100
–
–
Cos Lucky
Shipping
Maritime Inc. (i)
Ship owning and
ship chartering
Panama/
Worldwide
–
–
–
–
100
100
–
–
COSCO
Engineering
Pte Ltd (i)
Ship repairing,
marine
engineering,
container repairs
and services,
fabrication works
services and
production of
marine outfitting
components
Singapore
–
–
–
–
100
100
–
–
388,746
388,746
