Vinte is composed of six subsidiaries: Promotora, Urbanizaciones, Vinte Administración, EIC, Conectha and Emobel, in which it currently holds a stake of 99.99%. A general description of the main activities of Vinte’s subsidiaries is provided below:
Purchases land, develops and commercializes it.
Generates 76% of Vinte’s third party sales and 87% of Net Earnings.
91% of Vinte’s total Subsidiary Investments.
85% of Vinte’s Assets.
Subscribes part of debt.
Vinte’s stake in its subsidiaries and their associates, as well as a detailed description of their activities, are presented in the following table:
|Promotora||99.99%||Land bank acquisition, subcontracting construction services for subsidiaries and third parties, subscribes 100% of the group's total financial debt, development, marketing, and home sales.|
|Urbanizaciones||99.99%||Architectural and urban design, master plans and innovation in housing, land bank acquisition; in the future, with the possibility of development, marketing and home titling, subcontracting construction services for affiliates and third parties.|
|Vinte Administración||99.99%||Administrative services.|
|Conectha||99.99%||Research and development, as well as some home products and services.|
|Emobel||99.99%||Marketing of hardware, software, internet, communication services, technology, furniture and appliances.|
|Fideicomiso Desarrollo OV1||50.00%|
|Trust Agreement for business activities between Vinte and OHL Desarrollos that will serve as a vehicle for the development of approximately 3,600 homes over five years in the Ciudad Mayakoba project located in Playa del Carmen, Q. Roo.|