88
11.Associates (cont’d)
Name of company
Country of
incorporation
and operation
Proportion of ownership
interest and voting
power held
Principal
activities
December 31,
2014
December 31,
2013
%
%
Associates of NewFront
Investments Pte Ltd
NTUC Co-operatives
Singapore
26.6
26.6 Investment holding
Suzhou Investments
Pte Ltd
(2)
Nextmall (Cayman Islands)
Cayman Islands
33.7
33.7 Hypermarket retailing
Holdings Corporation
(5)
Quayline Fairprice Sdn Bhd
(5)
Malaysia
40.0
40.0 Supermarket retailing
Associates of AlphaPlus
Investments Pte Ltd
SMRT Alpha Pte. Ltd.
(7)
Singapore
30.0
30.0
Real estate
management
Associate of Fairprice International
(
2010) Pte Ltd
Saigon Co-operative
(8)
Fairprice Ltd
Vietnam
36.0
36.0
Supermarket
retailing
(1)
Audited by Deloitte & Touche LLP, Singapore.
(2)
Audited by KPMG LLP, Singapore.
Notes to Financial Statements
December 31, 2014
