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SUBSIDIARY NAME

DENA NANO-WOOD LIMITED

COUNTRY

UNITED KINGDOM

SECTOR/ INDUSTRY

TECHNOLOGY

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

APR 19, 2022

ACQUISITION VALUATION

200 MILLION

TOTAL ASSET VALUATION

2 BILLION

REAL ESTATE

DENA NANO WOOD LIMITED: IIB acquire Dena Nano-wood Limited on April 19, 2022 to build a factory to house 31 x Production Lines that will extrude a patented mix of end-of-life tires, plastic, and nanomaterial to manufacture modular Affordable Homes at approximately 35% of the cost of traditional build materials. These Affordable Homes will be ‘flat-packed’ into containers to enable rapid build at the site location, a 2 – bedroom home can be built watertight in less than a day by 4 semi-skilled craftsmen

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