114 115
21.
Investment in subsidiaries
The details of the Trust’s subsidiaries are as follows:
Trust
Subsidiaries
Principal Activities
Country of
Incorporation/
Place of
Business
Class of
Shares
Percentage
of Equity
Held By
the Trust
Cost of
Investment
2015 2014 2015 2014
% % $'000 $'000
Direct Subsidiaries
Ascendas Property
Fund (India) Pte. Ltd.*
Investment vehicle
of listed trust
Singapore Ordinary 100
100 11,382 10,764
Ascendas Property
Fund (FDI) Pte. Ltd. *
Investment vehicle
of listed trust
Singapore Ordinary 100
100
#
#
Indirect Subsidiaries
VITP Private Limited ** Development, owning
and management of
information technology
parks in Hyderabad
India Ordinary 100
100
Information Technology
Park Limited **
Development, owning
and management of
information technology
parks in Bangalore
India Ordinary 92.8 92.8
Cyber Pearl Information
Technology Park
Private Limited **
Development, owning
and management of
information technology
parks in Hyderabad
India Ordinary 100
100
Ascendas IT Park
(Chennai) Limited **
Development, owning
and management of
information technology
parks in Chennai
India Ordinary 89
89
Hyderabad Infratech
Private Limited **
Development, owning
and management of
information technology
parks in special economic
zones in Hyderabad
India Ordinary 100
100
Ascendas IT SEZ (Chennai)
Private Limited **
Development, owning
and management of
information technology
parks in special economic
zones in Chennai
India Ordinary 100
–
#
Less than $1,000
* Audited by Ernst & Young LLP, Singapore.
** Audited by member firm of EY Global in India
