Annual Report 2016
195
Financial Section
50 Principal Joint Ventures
As at 30 June 2016
Registered/
fully paid capital
Attributable
interest
Ω
to the Group
(%)
Principal activities
Equity joint ventures
Incorporated and operate in the PRC
China United International Rail Containers Co., Limited
RMB4,200,000,000
18 Operation of rail container
terminals and related business
Chongqing Suyu Business Development Company Limited
RMB650,000,000
31 Investment holding
Guangzhou Oriental Power Co., Ltd.
RMB990,000,000
15 Generation and supply of
electricity
Guangzhou Pearl River Electric Power Fuel Co., Ltd.
RMB613,361,800
21 Wholesale assembling and
storage of fuel
Guangzhou Pearl River Power Company Limited
RMB420,000,000
31 Generation and supply of
electricity
Guodian Chengdu Jintang Power Generation Co., Ltd.
RMB924,000,000
21 Generation and supply of
electricity
Co-operative joint ventures
Incorporated and operate in the PRC
Beijing-Zhuhai Expressway Guangzhou-Zhuhai Section
Company Limited
RMB580,000,000
15 Operation of toll road
Beijing Chong Wen-New World Properties
Development Co., Ltd.
US$225,400,000
70
s
Property investment,
development and hotel
operation
Beijing Chong Yu Real Estate Development Co., Ltd.
US$171,840,000
70
s
Property investment and
development
Beijing Xin Kang Real Estate Development Co., Ltd.
US$12,000,000
70
s
Property investment
Beijing Xin Lian Hotel Co., Ltd.
US$12,000,000
55
s
Hotel operation
China New World Electronics Ltd.
US$57,200,000
70
s
Property investment and
development
Guangzhou Northring Freeway Company Limited
US$19,255,000
40
s
Operation of toll road
Huizhou City Huixin Expressway Company Limited
RMB34,400,000
31 Investment holding and
operation of toll road
Huizhou New World Housing Development Limited
RMB80,000,000
62
s
Property development
Tianjin Xinzhan Expressway Co., Ltd.
RMB2,539,100,000
37
@s
Operation of toll road
Wuhan Wuxin Hotel Co., Ltd.
US$49,750,000
60
s
Hotel operation
Wholly foreign owned enterprises
Incorporated and operate in the PRC
Guangzhou Bosson Real Estate Co., Ltd.
RMB50,003,000
62
s
Property development
Guangzhou Hemsell Real Estate Development Co., Ltd.
RMB79,597,000
62
s
Property development
Ningbo Gong Tai Properties Co., Ltd.
RMB235,000,000
49 Property development
Ningbo Xin Li Real Estate Co., Ltd.
US$827,925,905
49 Property development
Shanghai New World Huai Hai Property Development
Co., Ltd.
US$108,500,000
50 Property investment
Wuhan New World Hotel Properties Co., Ltd.
RMB83,507,110
60
s
Property investment
Ω
Percentage of equity interest, in the case of equity joint ventures or profit sharing percentage, in the case of co-operative joint
ventures
@
Represented cash sharing ratio
s
The Group through its non-wholly owned subsidiaries holds more than 50% interests in these joint ventures. These joint ventures are
considered as subsidiary undertakings under the Hong Kong Companies Ordinance (Cap. 622). However, under the respective
contractual agreements, the Group does not control these joint ventures as the decisions about relevant activities require the
unanimous consent of the parties sharing the control.
