Page 25 - ar2011

Gathergates
Holding Limited
Natural Cool
Investment Pte Ltd
S-Team
Switchgear
(Malaysia) Sdn Bhd
Natural Cool
Development
Sdn Bhd
Titans Electrik
(Malaysia)
Sdn Bhd
Titans
Power System
Pte Ltd
VNS
Manufacturing
Pte Ltd
Titans Industries
(Malaysia) Sdn Bhd
VNS
Switchgear
(India) Pte Ltd
Gathergates
Group Limited
Gathergates
Group Pte Ltd
100%
Gathergates
Switchgear Pte Ltd
(f.k.a. S-Team Switchgear Private Limited)
Titans Power
Holdings Pte Ltd
Lorentz
Asia Pte Ltd
Natural Cool
Airconditioning and
Engineering Pte Ltd
NC (Cambodia)
Co., Ltd
Buy and Fix
Pte Ltd
NATURAL COOL HOLDINGS LIMITED
Annual Report 2011 23
NC (Singapore)
Pte Ltd
100% 100%
100%
100%
100%
100%
100%
100%
100%
100% 65%
51%
100%
100%
100%
51%
100%
Group
Structure
As at 18 March 2012