EX-21 11 ex21-1.htm EXHIBIT 21.1

Exhibit 21.1

List of Subsidiaries

 

Name of Subsidiary

Jurisdiction of
Incorporation or
Organization

Percentage Share
Ownership as of
December 31, 2006

Cathay Merchant Group Ltd.

Samoa

100%

MAW Mansfelder Aluminiumwerke GmbH

Germany

100%

AFM Aluminiumfolie Merseburg GmbH (1)

Germany

100%

(1)    Wholly-owned by Cathay Merchant Group Ltd.