SUBSIDIARY NAME
VERITAS USA INC
COUNTRY
USA
SECTOR/ INDUSTRY
DEVELOPMENT
OWNERSHIP %
100% IIB-DG
ACQUISITION DATE
FEB 7, 2022
ACQUISITION VALUATION
290 MILLION USD
TOTAL ASSET VALUATION
2.9 BILLION USD
REAL ESTATE
VERITAS GROUP LIMITED: The Veritas Group Limited, incorporated in Bermuda, has created a portfolio of project that it seeks to fund via the IIB Development Group SPV funding SBLC scenario, through our subsidiary in USA, Veritas USA Inc. We have obtained security instruments in the form of an A+ rated SBLC for $100m USD as well as investment estimated at $22m USD in developer funds. The developer’s funds were invested as part of development in Highland Country biomass to renewable natural gas (RNG) project, Florida, USA and 6 property developments in Western Cape and 1 in Johannesburg, Gauteng, South Africa, combined.
SUBSIDIARY NAME
SKEET HYDROGEN PRODUCTION PLATFORM
DPI Intervention Vessels
Wyoming Coal to Liquids
CADBRIDGE MINING CORPORATION
CADBRIDGE MINING CORPORATION