NOTES TO THE FINANCIAL STATEMENTS Year ended 31 December 2024 43 SIGNIFICANT INVESTMENTS IN SUBSIDIARIES (CONT’D) Principal activity Principal place of business/ Country of incorporation Ownership interest 2024 2023 % % Direct/Indirect Subsidiaries of the Company (cont’d) (2) CBM (Taiwan) Co., Ltd. Carpark management services Taiwan 100 100 (2) CDL China Limited Investment holding Hong Kong 100 100 (1) CDL Aries Pte. Ltd. Property owner and developer Singapore 100 100 (1) CDL Constellation Pte. Ltd. Investment holding and property owner and developer Singapore 100 100 (1) CDL Draco Pte Ltd Business of property owner and investment holding Singapore 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 Stellar 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) CDL Conservo Pte. Ltd. Long-term holding of investment properties to derive rental income Singapore 100 100 (1) CDL Cityscape Pte. Ltd. Long-term holding of investment properties to derive rental income Singapore 100 100 (1) CDL Kingtse Pte. Ltd. Long-term holding of investment properties to derive rental income Singapore 100 100 (1) CDL Pavona Pte. Ltd. Long-term holding of investment properties to derive rental income Singapore 100 100 (1) CDL Ace Pte. Ltd. Long-term holding of investment properties to derive rental income Singapore 100 100 (1) CDL Queensray Pte. Ltd. Long-term holding of investment properties to derive rental income Singapore 100 100 FINANCIALS CITY DEVELOPMENTS LIMITED 212
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