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) 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 100 65 (1) Singapura Developments (Private) Limited Property owner, developer and investment holding Singapore 100 100 (2) SKD Marina Limited Property owner United Kingdom 99.9 100 (2) Suzhou Gaoxin Properties Co., Ltd Real estate development and operation People’s Republic of China 100 100 (2) Suzhou Global City Genway Properties Co., Ltd. Property owner and developer People’s Republic of China 100 100 (2) Sycamore House Manco Limited Operating company United Kingdom 99.9 100 (1) Systematic Laundry & Healthcare Services Pte. Ltd. Laundry and dry cleaning services, washing and other cleaning preparations Singapore 100 100 (1) The Aldgate House Unit Trust Property investment Jersey 100 100 (9) Trentworth Properties Limited Property owner and developer Jersey 100 100 (1) Trentwell Management Pte. Ltd. Asset management and consultancy services Singapore 100 100 (9) White City Investments Limited Investment holding Jersey 100 100 (9) Wideachieve Holdings Limited Investment holding British Virgin Islands 100 100 FINANCIALS CITY DEVELOPMENTS LIMITED 216
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