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A N N U A L R E P O R T 2 0 1 5
T H E S T R E N G T H O F O U R B R A N D S
1 .
gene r a l
1 . 1 . The Company
The Company is incorporated in Singapore with limited liability. The financial statements are presented in Singapore dollars.
The Board of Directors approved and authorised these financial statements for issue on the date of the Statement by
Directors.
The principal activities of the Company are those of an investment holding company and the provision of management
services. The principal activities of the subsidiaries are disclosed in Note 13 to the financial statements.
The registered office and principal place of business is at 30 Teban Gardens Crescent Singapore 608927.
1 . 2 . The Re s t r uc t u r i ng E xe r c i s e
The Group was formed through a restructuring exercise (the “
restructuring Exercise
”) which involved a series of
acquisitions and the rationalisation of the corporate and shareholding structure for the purposes of the Company’s
listing on Catalist Board of the SGX-ST in 2014. Pursuant to the Restructuring Exercise, the Company became the
holding company of the Group.
The Restructuring Exercise involved the following steps:
(a)
incorporation of the Company
The Company was incorporated on 12 December 2012 in the Republic of Singapore in accordance with the
Companies Act as a private limited company with an issued and paid-up share capital of $2.00 comprising two
(2) shares each, held by Goh Kim San and Goh Kim Hup.
(b)
incorporation of Spania gTa asia Pacific Private Ltd.
Spania GTA Asia Pacific Private Ltd. was incorporated on 10 October 2012 in the Republic of Singapore in
accordance with the Companies Act as a private limited company with an issued and paid-up share capital of
$1.00 comprising one (1) ordinary share, which was wholly-owned by EuroAutomobile Pte. Ltd.
(c)
incorporation of deLaCour asia Pacific Pte. Ltd.
deLaCour Asia Pacific Pte. Ltd. was incorporated on 5 November 2012 in the Republic of Singapore in
accordance with the Companies Act as a private limited company with an issued and paid-up share capital of
$1.00 comprising one (1) ordinary share, which was wholly-owned by EuroAutomobile Pte. Ltd.
noTES To
ThE F inanCi aL STaTEmEnTS
3 1 ma r Ch 2 0 1 5
