Page 60 - Nanyang Technological University

NOTES TO
FINANCIAL STATEMENTS (CONT’D)

31 March 2015

5 SUBSIDIARIES (cont’d)

Details of subsidiaries are as follows:

Country of Ownership

Name of subsidiary incorporation interest Principal activities

2015 2014

% %

Held by the University Company

@^ Nanyang Technological Singapore 100 100 Innovation and
enterprise company of
University-NTUitive Pte Ltd NTU.

(formerly known as NTU

Ventures Private Limited)

@ NTU Holdings Pte Ltd Singapore 100 100 Investment holding.

@ Singapore Centre for Chinese Singapore 100 100 Provision of training/
professional development
Language Limited courses for Chinese
language teachers and
conduct of educational
research and activities.

@ NIE International Singapore 100 100 Provision of training
programmes and
Private Limited consultancy in teacher
education and
school leadership.

# Friends of NTU United States 100 100 Promote the
advancement of NTU
in United States.

58 NTU ANNUAL REPORT 2015