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Notes to the Consolidated Financial Statements
31st March 2018
18 SUBSIDIARIES
As at 31st March 2018, 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
2018 2017
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 AV and
non-voting deferred Notebook products
HK$5,000,000
Alco Electronics (Dongguan) Limited The PRC Registered capital – 100 – 100 Manufacture of AV and Notebook products
1
HK$120,000,000
1
Alco Electronics (Shenzhen) Limited 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 AV and Notebook products
Nexstgo Company Limited Hong Kong Ordinary HK$5,000,000 – 100 – 100 Trading of Notebook products
Taiwan Nexstgo Limited Taiwan Ordinary NTD10,000,000 – 100 – 100 Research and development and sale of
Notebook products
Windom Limited Hong Kong Ordinary HK$100,000 – 100 N/A N/A Property holding
Note:
1 Represents a wholly foreign owned enterprise.
The above table lists out the principal subsidiaries of the Company as at 31st March 2018 and 2017
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.
102 ALCO HOLDINGS LIMITED ANNUAL REPORT 2018
