Subsidiary Companies of DSIIDC

The Board of Directors in its meeting held on 12 January 2011 has approved the formation of four separate independent subsidiary companies of the Corporation.

DSIIDC is undertaking a variety of complex and unrelated activities, and at times finds it difficult to focus on these activities to take advantage of growth potential and to increase profitability. Accordingly, it was decided to transfer some of the activities to the wholly owned subsidiary companies. These activities are related to liquor business, handling of import/export business & material management maintenance/logistic services & planning-related to real estate business, and energy services.

In compliance to the decision of the Board, the Corporation has incorporated the following four subsidiary companies on 19 May 2011: