Annual Report 2020

151 Notes to the Financial Statements Miramar Hotel and Investment Company, Limited Annual Report 2020 11 Investments in subsidiaries The following list contains only the particulars of subsidiaries which principally affected the results, assets or liabilities of the Group. All of these are subsidiaries as defined under note 1(d) and have been consolidated into the Group’s financial statements. Proportion of ownership interest Name of company Place of incorporation Place of operation Particulars of issued and paid up capital Group’s effective interest Held by the Company Held by a subsidiary Principal activity All Best Resources Limited Hong Kong The PRC HK$100 100% – 100% Property rental Chitat Construction Limited Hong Kong The PRC HK$10,000 100% 99% 1% Property rental Contender Limited Hong Kong Hong Kong HK$200,000 100% 100% – Hotel operation and property rental East Dragon Resources Limited Hong Kong The PRC HK$100 100% – 100% Property rental Glory Light Holdings Limited Hong Kong Hong Kong HK$1 100% 100% – Restaurant operation Grand City Resources Limited Hong Kong The PRC HK$100 100% – 100% Property rental How Light Investments Limited * Hong Kong The PRC HK$100,000 100% – 100% Property sale YMT Travel Limited Hong Kong Hong Kong HK$3,500,000 53.8% – 100% Travel agency Merry King Resources Limited Hong Kong Hong Kong HK$1,000 100% – 100% Restaurant operation Mira Moon Limited Hong Kong Hong Kong HK$1 100% 100% – Hotel operation Miramar East Company Limited Hong Kong Hong Kong HK$10,000 100% – 100% Property rental Miramar Finance Limited Hong Kong Hong Kong HK$100,000 100% 100% – Finance Miramar Hotel and Property Management Company Limited Hong Kong Hong Kong HK$1 100% 100% – Property management Miramar Hotel & Investment (Express) Limited Hong Kong Hong Kong HK$10,000,000 100% 100% – Travel agency Miramar Hotel Management Company Limited Hong Kong Hong Kong HK$10,000 100% 100% – Hotel management