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SUBSIDIARY NAME

TD Holdings (Pvt) Ltd

COUNTRY

ZIMBABWE

SECTOR/ INDUSTRY

Water and Housing

OWNERSHIP %

70% IIB-DG

ACQUISITION DATE

November 15, 2022

ACQUISITION VALUATION

212 MILLION

TOTAL ASSET VALUATION

2.12 BILLION

ENERGY-OIL-REFINERY-GAS

TD Holdings (Pvt) Ltd: Norton Bulk Water Supply Project: This project is for the development of a bulk potable water supply to serve the Norton Business Park, existing town of Norton and the proposed Redwing Mixed-use Development. Also included is a 1-million bottles per day bottling plant.

Redwing Mixed-used Development Project: The proposed Redwing development is a mixed-use, multi-faceted residential lifestyle estate that will be developed to provide a number of different classes of properties including walkup sectional title apartments, high-, medium- and low-density freehold units, commercial and retail centres, schools (primary and high), day care centre, church sites, municipal offices and depots and a sports centre.

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