Page 64 - Nanyang Technological University

NOTES TO FINANCIAL STATEMENTS
(cont’d)
31 March 2016

6 SUBSIDIARIES (cont’d)

Details of subsidiaries are as follows:

Country of Ownership

Name of subsidiary incorporation interest Principal activities

2016 2015

% %

Held by Nanyang Technological University - NTUitive Pte Ltd

@ TechBiz Xccelerator Pte Ltd Singapore 100 100 Technology accelerator
for information
communications and
media technologies.

@^ TechXcel Pte Ltd Singapore 100 100 Technology accelerator
for engineering
(formerly known as Institute of technologies.

Environmental Science and

Engineering Pte Ltd)

@ Systemed Pte Ltd Singapore 100 100 Technology accelerator
for medical technology.

@ Interactive Digital Media Ltd Singapore 100 100 Research and
development in
interactive digital
media.

Held by NTU Holdings Pte Ltd

* Nanyang Venture Consulting China 100 100 Consultant for enterprise

(Shanghai) Co., Ltd management, technology

and education.

@ Confucius Institute, Singapore 100 100 Promotion of Chinese

NTU Pte Ltd language, culture and

support of local Chinese

teaching.

62 NTU ANNUAL REPORT 2016