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13
TRUST
STRUCTURE
Unitholders
Ascendas Property
Fund Trustee Pte. Ltd.
(the Trustee-Manager)
Singapore Special Purpose Vehicles (“SPVs”)
Ascendas Property Fund (India) Pte. Ltd.
Ascendas Property Fund (FDI) Pte. Ltd
SINGAPORE
INDIA
1Karnataka State Government owns 7.2% of International Tech Park Bangalore &
Tamil Nadu State Government owns 11.0% of International Tech Park Chennai.
Ascendas Services
(India) Pte.Ltd (“ASIPL”)
(the Property Manager)
Venture Capital Undertakings (“VCUs”)
Distributions
Holding
of units
Trustee’s fee &
management fees
Acts on behalf of
unitholders/management
services
Dividends, principal repayment
of shareholder’s loan
100% ownership &
shareholder’s loan
Dividends on ordinary shares
& CCPS, proceeds from share
buyback, & interest on FCCD Ownership of ordinary shares &
Compulsorily Convertible Preference Shares
(“CCPS”)
Subscription to Fully & Compulsory
Convertible Debentures(“FCCD”)
Provides property
management services
Property management
fees
Ownership
Net property
income
Information Technology Park Ltd. 92.8% ownership1
Ascendas Information Technology Park Chennai Ltd. 89% ownership1
Cyber Pearl Information Technology Park Pte. Ltd. 100% ownership
VITP Pte. Ltd. 100% ownership
Hyderabad Infratech Pte. Ltd. 100% ownership
The Properties
International Tech Park Bangalore
International Tech Park Chennai
CyberPearl
The V
aVance Business Hub