axiata group berhad | annual report 2015
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39. LIST OF SUBSIDIARIES (CONTINUED)
The Group had the following subsidiaries as at 31 December 2015: (continued)
Name of company
Ownership
interest
directly held
by the parent
Ownership
interest held
by the Group
Ownership
interest held
by interest Principal activities
Country
and place of
incorporation
(%)
(%)
(%)
Subsidiaries held through edotco
Investments (Labuan) Limited
edotco Services Lanka (Private)
Limited
1
-
100.00
-
Provision of end to end
Integrated Infrastructure
Services
Sri Lanka
Digicel Asian Holdings Pte Limited
1
-
75.00
25.00
Investment holding
Singapore
Subsidiaries held through Digicel Asian
Holdings Pte Limited
Asian Tower Holdings Pte Limited
1
-
75.00
25.00
Investment holding
Singapore
Digicel Myanmar Tower Company
Limited
1
-
75.00
25.00
Telecommunication
infrastructure and services
Myanmar
1
Audited by a member firm of PricewaterhouseCoopers International Limited which is a separate and independent legal entity from
PricewaterhouseCoopers Malaysia.
2
Audited by a firm other than a member firm of PricewaterhouseCoopers International Limited.
3
Inactive as at 31 December 2015.
4
In accordance with IC 112-Consolidation: “Special Purpose Vehicles”, AF is consolidated in the Group as the substance of the relationship
between the Company and the special purpose entity indicates that the entity is controlled by the Company.
5
AAP Hong Kong and MGMG Venture Co Ltd hold 255,200 ordinary shares and 382,800 preference shares respectively in the entity. One (1)
ordinary share is entitled to one (1) vote and one thousand (1,000) preference shares are entitled to one (1) vote. Accordingly AAP Hong Kong
maintains its control over the entity.
6
AAP Hong Kong is holding 3,125 ordinary shares in the entity and 9,375 ordinary shares via Trust Deed.
