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) Republic Plaza City Club (Singapore) Pte Ltd Owner and operator of clubs Singapore 100 100 (7) Reach Across International Limited Investment holding British Virgin Islands 100 100 (2) Shanghai Anting Waratah Real Estate Development Co., Ltd. Property owner People’s Republic of China 100 100 (2) Shanghai Fusion Enterprise Management Co., Ltd. Property owner People’s Republic of China 100 100 (2) Shanghai Galaxy Enterprise Management Co., Ltd. Property owner People’s Republic of China 100 100 (3) Shanghai Jingwen Zhaoxiang Real Estate Limited Property owner and developer People’s Republic of China 100 100 (3) Shanghai Meidao Investment Co., Ltd. Property owner and developer People’s Republic of China 100 100 (2) Shanghai Rainbow Enterprise Management Co., Ltd. Property owner People’s Republic of China 100 100 (2) Shanghai Star Enterprise Management Co., Ltd. Property owner People’s Republic of China 100 100 (2) Shanghai Yulan Real Estate Development Co., Ltd. Property owner and developer People’s Republic of China 100 100 (4) Shenzhen Longgang District Tusincere Science and Technology Development Park Co Ltd Property owner and developer People’s Republic of China 65 65 (1) Singapura Developments (Private) Limited Property owner, developer and investment holding Singapore 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) (1) Hong Leong Properties Pte. Limited Property owner Singapore 100 100 (2) Highline Investments LP Property owner United Kingdom 100 100 (2) Iconique Tokutei Mokuteki Kaisha Asset management Japan 100 100 (1) Ingensys Pte. Ltd. Systems integration activities Singapore 100 100 (7) Jayland Properties Limited Property owner and developer Jersey 100 100 (2) Krungthep Rimnam Limited Hotel business Thailand 49 (b) 49 (b) (7) Landco Properties Limited Property owner Jersey 100 100 (1) Land Equity Development Pte Ltd Property owner Singapore 100 100 (2) Lingo Enterprises Limited Property holding and property investment Singapore/ Hong Kong 100 100 (7) Melvale Holdings Limited Investment holding and property developer Jersey 100 100 (2) Millennium & Copthorne Hotels Limited Investment holding United Kingdom 100 100 (2) 125 OBS Limited Partnership Property holding United Kingdom 100 100 (6) New Bath Court Limited Property owner United Kingdom 100 – (6) New Bath Court (OpCo) Limited Operating company United Kingdom 100 – (1) Novel Developments Pte. Ltd. Property owner and developer Singapore 100 100 (7) Paradise Investments Limited Property owner and developer Jersey 100 100 (1) Pavo Properties Pte. Ltd. Property owner and developer Singapore 60 60 (2) Phuket Square Co., Ltd. Retail and hotel business Thailand 49 (b) 49 (b) (7) Pinenorth Properties Limited Property owner and developer Jersey 100 100 (7) Rehi Normanby Pty Ltd Trustee Australia 100 – (7) Reselton Properties Limited Property owner and developer Jersey 100 100 CITY DEVELOPMENTS LIMITED ANNUAL REPORT 2022 FINANCIALS 260 261
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