BUILDING LANDMARKS, CHARTING GROWTH
213
Annual Report 2015
NOTES TO THE FINANCIAL STATEMENTS
4 ACQUISITIONS
(continued)
(A) Initial acquisition
(continued)
Ownership
Country of
interest
incorporation
acquired
%
Perennial (China) Retail Management Pte. Ltd.
Singapore
100.0
– Perennial (Shanghai) Retail Management Co., Ltd.
PRC
100.0
Perennial (Singapore) Asset Management Pte. Ltd.
Singapore
100.0
Perennial (Singapore) Retail Management Pte. Ltd.
Singapore
100.0
PRE 1 Investments Pte. Ltd.
Singapore
1.5
– Perennial Katong Retail Trust
Singapore
100.0
PRE 3 Investments Pte. Ltd.
Singapore
10.6
– Perennial Chinatown Point LLP
Singapore
13.8
Perennial (CHIJMES) Pte. Ltd.
Singapore
51.6
– PRE 8 Investments Pte. Ltd.
Singapore
100.0
Perennial TYN Investment Pte. Ltd.
Singapore
100.0
TYN Investment Pte. Ltd.
Singapore
50.0
New Capitol Pte. Ltd.
Singapore
100.0
Perennial (Capitol) Pte. Ltd.
Singapore
100.0
– Capitol Investment Holdings Pte. Ltd. and its subsidiaries
Singapore
50.0
Perennial Somerset Investors Pte. Ltd.
Singapore
50.2
– Perennial (Somerset) Pte. Ltd.
Singapore
100.0
Perennial EM Holdings Pte. Ltd.
Singapore
100.0
Details of the consideration transferred, the assets acquired and liabilities assumed and the effects on the cash flows
of the Group, at the acquisition date, were as follows:
(i)
Consideration transferred
$’000
Equity instruments issued
2,656,220
(ii)
Effect of cash flows of the Group
$’000
Cash and cash equivalents in subsidiaries acquired, representing net cash inflow
on acquisition
130,937
