---
title: "CARNATION DEVELOPMENTS LIMITED — Ownership Dossier"
canonical: https://whiteintel.dev/entity/243999fb-24f0-5594-bf0f-2d7aeb37d8df
json: https://whiteintel.dev/api/public/dossier/243999fb-24f0-5594-bf0f-2d7aeb37d8df
identifier: icij:icijol-125028
jurisdiction: VG
risk: Medium
source: WhiteIntel corporate-ownership graph
---

# CARNATION DEVELOPMENTS LIMITED

**Type:** Company  
**Jurisdiction:** [VG](https://whiteintel.dev/jurisdictions/vg)  
**Identifier:** `icij:icijol-125028`  
**Risk level:** Medium  
**Canonical dossier:** https://whiteintel.dev/entity/243999fb-24f0-5594-bf0f-2d7aeb37d8df  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/243999fb-24f0-5594-bf0f-2d7aeb37d8df  

## Ownership & control

### Owners / controllers

- **David Ho Nominees Limited** (shareholder of) — https://whiteintel.dev/entity/b566f1a7-59f5-5dd7-a009-6cdfa1d66017
- **Magnificent Future Limited** (shareholder of) — https://whiteintel.dev/entity/c343a3b4-9c06-55d1-8a04-219f2687c2be
- **Ho Yuk Wah, David** (shareholder of) — https://whiteintel.dev/entity/00416d81-fb2c-51e9-a7a8-86b7832a120a

### UBO chain (walk to the ultimate owner)

A **5-step** ownership/control chain to the ultimate beneficial owner is resolved for this entity. The full cited chain unlocks with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Exposure (derived from the ownership graph)

**3** owners upstream in this entity's ownership/control chain are flagged — a sanctions hit or a secrecy jurisdiction — an investigative lead by resolved identity, not a legal determination. The contributing parties and the hop-by-hop path unlock with a paid API key or a one-off dossier — https://whiteintel.dev/pricing.

## Provenance

- ICIJ Offshore Leaks — https://offshoreleaks.icij.org/nodes/125028

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **CARNATION DEVELOPMENTS LIMITED**. Human view: https://whiteintel.dev/entity/243999fb-24f0-5594-bf0f-2d7aeb37d8df · Structured JSON: https://whiteintel.dev/api/public/dossier/243999fb-24f0-5594-bf0f-2d7aeb37d8df._

_Risk levels are heuristic investigative leads, not legal determinations of beneficial ownership. Every claim carries a source; an absent edge means "not yet observed in current sources", not "does not exist"._