NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2022 44 SIGNIFICANT INVESTMENTS IN SUBSIDIARIES (CONT’D) Principal activity Principal place of business/ Country of incorporation Ownership interest 2022 2021 % % Direct/Indirect Subsidiaries of the Company (cont’d) (1) CDL Real Estate Asset Managers Pte. Ltd. Asset management Singapore 100 100 (1) City REIT Management Pte. Ltd. Investment holding Singapore 100 100 (1) City Strategic Equity Pte. Ltd. Investment holding Singapore 100 100 (1) City Lux Pte. Ltd. Investment holding Singapore 100 100 (1) City Boost Pte. Ltd. Investment holding Singapore 100 100 (1) City Delta Pte. Ltd. Investment holding Singapore 100 100 (1) Cityview Place Holdings Pte. Ltd. Property owner and developer Singapore 100 (a) 100 (a) (1) Crescent View Developments Pte. Ltd. Property owner and developer Singapore 60 60 (2) Educado Company Limited Investment holding and share dealing Hong Kong 100 100 (1) Ellinois Management Services Pte. Ltd. Asset/portfolio management Singapore 100 100 (1) Empire City Consultant Pte Ltd Management of properties Singapore 100 100 (7) Finite Properties Investment Limited Property owner and developer Jersey 100 100 (6) Friars Road Manco Limited Operating company United Kingdom 100 – (1) Glades Properties Pte. Ltd. Property owner, developer and investment holding Singapore 100 100 (1) Gemini One Pte. Ltd. Hotel operator Singapore 100 100 (1) Gemini One Trust Property owner and developer Singapore 100 100 (1) Grange 100 Pte. Ltd. Property owner Singapore 100 100 (1) Guan Realty (Private) Limited Property owner and developer Singapore 100 100 (6) HSRE Crosslane (Coventry) Limited Property owner Jersey 100 – (6) HSRE Crosslane (Leeds) Limited Property owner Jersey 100 – (7) Hoko Mina Pty Ltd Property owner and developer Australia 100 100 44 SIGNIFICANT INVESTMENTS IN SUBSIDIARIES (CONT’D) Principal activity Principal place of business/ Country of incorporation Ownership interest 2022 2021 % % Direct/Indirect Subsidiaries of the Company (cont’d) (2) CBM (Taiwan) Co., Ltd. Carpark management services Taiwan 100 100 (1) CDL Aries Pte. Ltd. Property owner and developer Singapore 100 100 (1) CDL Land Pte Ltd Property owner and developer Singapore 100 100 (1) CDL Libra Pte. Ltd. Property owner and developer Singapore 100 100 (1) CDL Management Services Pte. Ltd. Provision of project and property management and consultancy services Singapore 100 100 (1) CDL Properties Ltd Property owner and investment holding Singapore 100 100 (1) CDL Regulus Pte. Ltd. Property owner and developer Singapore 100 100 (1) CDL Pegasus Pte. Ltd. Property owner and developer Singapore 100 100 (1) CDL Perseus Pte. Ltd. Property owner and developer Singapore 100 100 (1) CDL Pisces Commercial Pte. Ltd. Investment holding Singapore 100 100 (1) CDL Pisces Serviced Residences Pte. Ltd. Investment holding Singapore 100 100 (1) Central Mall Pte Ltd Property owner Singapore 100 100 (1) Centro Property Holding Pte. Ltd. Property owner Singapore 100 100 (1) Cideco Pte. Ltd. Property owner Singapore 100 100 (1) City Condominiums Pte Ltd Property owner, developer and investment holding Singapore 100 100 (1) City Developments Realty Limited Investment in shares and investment holding Singapore 100 100 (1) City Gemini Pte. Ltd. Investment holding Singapore 100 100 (1) City Serviced Offices Pte. Ltd. Operating serviced offices Singapore 100 100 (1) City Thrive Pte. Ltd. Investment holding Singapore 100 – (1) Citydev Real Estate (Singapore) Pte Ltd Property owner Singapore 100 100 CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2022 FINANCIALS 258 259
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