CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2021 FINANCIALS 258 259 NOTES TO THE FINANCIAL STATEMENTS NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2021 YEAR ENDED 31 DECEMBER 2021 43 SIGNIFICANT INVESTMENTS IN SUBSIDIARIES The following are the Group’s significant investments in subsidiaries: Principal activity Principal place of business/ Country of incorporation Ownership interest 2021 2020 % % Direct/Indirect Subsidiaries of the Company * Allinvest Holding Pte Ltd Property owner and investment holding Singapore 100 100 * Adelanto Investments Pte. Ltd. Investment holding Singapore 100 100 * Aquarius Properties Pte. Ltd. Property owner and developer Singapore 80 80 ^ Beaumont Properties Limited Property owner and developer Jersey 100 100 * Bloomsville Investments Pte Ltd Property owner, developer and investment holding Singapore 100 100 * Bellevue Properties Pte. Ltd. Property owner and developer Singapore 100 100 ^ Busy Bee Ventures Limited Investment holding British Virgin Islands 100 100 * CBM Pte. Ltd. Provision of building maintenance, security, cleaning and related services to commercial and residential buildings Singapore 100 100 * CBM Parking Pte. Ltd. Provision of car park operation, management, civil, construction and electrical works related to parking systems and related services Singapore 100 100 * CBM International Pte. Ltd. Investment holding and provision of consultancy services Singapore 100 100 * CBM Security Pte. Ltd. Provision of security services, consultancy services related to security matters, supply of equipment, security escort services and facilities management services Singapore 100 100 * CBM Solutions Pte. Ltd. Provision of consultancy and facilities management services Singapore 100 100 ** CBM (Taiwan) Co., Ltd. Carpark management services Taiwan 100 100 * CDL Land Pte Ltd Property owner and developer Singapore 100 100 * CDL Management Services Pte. Ltd. Provision of project and property management and consultancy services Singapore 100 100 43 SIGNIFICANT INVESTMENTS IN SUBSIDIARIES (CONT’D) Principal activity Principal place of business/ Country of incorporation Ownership interest 2021 2020 % % Direct/Indirect Subsidiaries of the Company (cont’d) * CDL Properties Ltd Property owner and investment holding Singapore 100 100 * CDL Regulus Pte. Ltd. Property owner and developer Singapore 100 100 * CDL Pegasus Pte. Ltd. Property owner and developer Singapore 100 100 * CDL Perseus Pte. Ltd. Property owner and developer Singapore 100 100 * Central Mall Pte Ltd Property owner Singapore 100 100 * Centro Property Holding Pte. Ltd. Property owner Singapore 100 100 * Cideco Pte. Ltd. Property owner Singapore 100 100 * City Condominiums Pte Ltd Property owner, developer and investment holding Singapore 100 100 * City Developments Realty Limited Investment in shares and investment holding Singapore 100 100 * City Serviced Offices Pte. Ltd. Operating serviced offices Singapore 100 100 * Citydev Nahdah Pte. Ltd. To issue Islamic trust certificates and to act as trustee for the certificate holders Singapore 100 100 * Citydev Real Estate (Singapore) Pte Ltd Property owner Singapore 100 100 * CDL Real Estate Asset Managers Pte. Ltd. Asset management Singapore 100 100 * City REIT Management Pte. Ltd. Investment holding Singapore 100 100 * City Strategic Equity Pte. Ltd. Investment holding Singapore 100 100 * City Lux Pte. Ltd. Investment holding Singapore 100 100 * City Boost Pte. Ltd. Investment holding Singapore 100 100 * City Delta Pte. Ltd. Investment holding Singapore 100 100 * Cityview Place Holdings Pte. Ltd. Property owner and developer Singapore 100 (a) 100 (a) * Crescent View Developments Pte. Ltd. Property owner and developer Singapore 60 60 ** Educado Company Limited Investment holding and share dealing Hong Kong 100 100
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