Page 93 -
P. 93
Notes to the Consolidated Financial Statements
31st March 2017
18 SUBSIDIARIES
As at 31st March 2017 and 2016, the Company held interests in the following principal subsidiaries:
Place of Issued and fully paid
incorporation/ share capital/ Percentage of equity
Name establishment registered capital held by the Company Principal activities
2017 2016
Direct Indirect Direct Indirect
Alco Investments (B.V.I.) Limited The British Virgin Islands Ordinary US$50,000 100 – 100 – Investment holding and provision of
management services to its subsidiaries
Advance Packaging Limited Hong Kong Ordinary HK$500,000 – 100 – 100 Property investment
Alco Digital Devices Limited Hong Kong Ordinary HK$1,000,000 – 100 – 100 Software development
Alco Electronics Limited Hong Kong Ordinary HK$1,000 – 100 – 100 Design, manufacture and sale of consumer
Non-voting deferred electronic products
HK$5,000,000
Alco Electronics (Dongguan) Limited 1 The PRC Registered capital – 100 – 100 Manufacture of consumer electronic products
HK$120,000,000
Alco Electronics (Shenzhen) Limited 1 The PRC Registered capital – 100 – 100 Provision of design and logistic services to
HK$25,000,000 group companies
Alco International Limited Hong Kong Ordinary HK$500,000 – 100 – 100 Trading of consumer electronic products
Vdiobox Limited Hong Kong Ordinary HK$1,000,000 – 100 – 100 Trading of consumer electronic products
Nexstgo Company Limited Hong Kong Ordinary HK$1,000,000 – 100 N/A N/A Trading of electronic products
Taiwan Nexstgo Limited Taiwan Ordinary NTD2,000,000 – 100 N/A N/A Research and development of electronic
products
Note:
1 Represents a wholly foreign owned enterprise.
The above table lists out the principal subsidiaries of the Company as at 31st March 2017 and 2016
which, in the opinion of the directors, principally affected the results for the year or formed a substantial
portion of the net assets of the Group. To give details of other subsidiaries would, in the opinion of the
directors, result in particulars of excessive length.
ALCO HOLDINGS LIMITED ANNUAL REPORT 2017 91
