Annual Report 2020

152 Notes to the Financial Statements Annual Report 2020 Miramar Hotel and Investment Company, Limited 11 Investments in subsidiaries (Continued) 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 Miramar Travel Limited Hong Kong Hong Kong HK$13,000,000 53.8% 53.8% – Travel agency The Pinesprop Limited Hong Kong Hong Kong HK$1,000 100% 100% – Property rental Randall Resources Limited Hong Kong The PRC HK$100 100% – 100% Property rental Shahdan Limited Hong Kong Hong Kong HK$200,000 100% 100% – Property rental Smart Faith Investments Limited Hong Kong Hong Kong HK$1 100% 100% – Restaurant operation Strong Profit Resources Limited Hong Kong The PRC HK$10,000 70% – 100% Property rental and sale Tsui Hang Village Restaurant Limited Hong Kong Hong Kong HK$500,000 100% 100% – Restaurant operation Warsaw Investments Limited Hong Kong Hong Kong HK$10,000 100% 100% – Property rental World Eagle Resources Limited Hong Kong Hong Kong HK$2 100% – 100% Restaurant operation 美利物業管理 ( 上海 ) 有限公司 ~ * The PRC The PRC US$5,000,000 100% – 100% Property rental and management 上海恒美酒店管理有限公司 ˆ * The PRC The PRC US$200,000 100% – 100% Hotel management 上海上美置業有限公司 Shanghai Shangmei Property Co. Limited. ˆ * The PRC The PRC US$13,000,000 51.4% – 68.6% Property rental * Companies not audited by KPMG ~ Wholly foreign-owned enterprise ˆ Sino-foreign equity joint venture enterprise