Page 29 - ar2012

Trust structure
Singapore SPVs
Unitholders
1. Ascendas Property Fund (India) Pte. Ltd.
2. Ascendas Property Fund (FDI) Pte. Ltd.
Venture capital undertakings (“VCUs”)
• Information Technology Park Limited
(92.8% ownership)29
• Ascendas Information Technology Park
Chennai Ltd. (89.0% ownership)29
• Cyber Pearl Information Technology Park
Private Limited (100.0% ownership)
• VITP Private Limited (100.0% ownership)
• Hyderabad Infratech Private Limited
(100.0% ownership)
The properties
• ITPB
• ITPC
• CP
• The V
• aVance
Distributions
Trustee’s fee & management fees
Provides property
management services
Acts on behalf of unitholders/
management services
Property management fees
Dividends, principal
repayment of
shareholder’s loan
Net property
income
Dividends on ordinary shares
& CCPS, & proceeds from
share buyback
100% ownership &
shareholder’s loan
Ownership
Ownership of ordinary
shares & compulsorily
convertible preference
shares (“CCPS”)
Subscription to Fully &
Compulsory Convertible
Debentures (“FCCD”)
Holding of units
Ascendas Property Fund Trustee Pte. Ltd.
(the Trustee-Manager). a wholly-owned
subsidiary of Ascendas Pte Ltd
SINGAPORE
INDIA
Ascendas Services (India) Private Limited
(“ASIPL”)
(the Property Manager)
29Karnataka State Government owns 7.2% of ITPB & Tamil Nadu State Government owns 11.0% of ITPC.
A-ITRUST ANNUAL REPORT 2011/2012 27