United Kingdom
SUBSIDIAIRY NAME | COUNTRY | SECTOR/INDUSTRY | OWNERSHIP % | ACQUISITION DATE | ACQUISITION VALUATION | TOTAL ASSET VALUATION |
---|---|---|---|---|---|---|
DENA NANO-WOOD LIMITED | UNITED KINGDOM | TECHNOLOGY | 70% IIB-DG | APR 19, 2022 | 200 MILLION | 2 BILLION |
REAL ESTATE
DENA NANO WOOD LIMITED: IIB acquired 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 affordable modular 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 four semi-skilled craftsmen.