---
title: "CEMAC DEVELOPMENTS LIMITED — Ownership Dossier"
canonical: https://whiteintel.dev/entity/9c074b48-30f0-51c2-8c2d-e88169c2aa30
json: https://whiteintel.dev/api/public/dossier/9c074b48-30f0-51c2-8c2d-e88169c2aa30
identifier: icij:icijol-123574
jurisdiction: VG
risk: High
source: WhiteIntel corporate-ownership graph
---

# CEMAC DEVELOPMENTS LIMITED

**Type:** Company  
**Jurisdiction:** [VG](https://whiteintel.dev/jurisdictions/vg)  
**Identifier:** `icij:icijol-123574`  
**Risk level:** High  
**Canonical dossier:** https://whiteintel.dev/entity/9c074b48-30f0-51c2-8c2d-e88169c2aa30  
**Structured JSON / MCP:** https://whiteintel.dev/api/public/dossier/9c074b48-30f0-51c2-8c2d-e88169c2aa30  

## Ownership & control

### Owners / controllers

- **Articulate Investments Limited** (shareholder of) — https://whiteintel.dev/entity/d43df6c1-85fa-5e98-a3cf-018c8190f6bf
- **New World Development (China) Limited** (shareholder of) — https://whiteintel.dev/entity/7a4a80d5-ad03-5ebd-9d78-94fe7bbccbbf
- **Lotsgain Limited** (shareholder of) — https://whiteintel.dev/entity/d7d9793b-6f55-5dcf-91de-4df4db925579
- **Mombasa Limited** (shareholder of) — https://whiteintel.dev/entity/43ab6940-7efd-5be5-a881-68d8524b61a1
- **NWS Infrastructure Roads Limited** (shareholder of) — https://whiteintel.dev/entity/8265324a-366e-58e3-b61e-4dba60326d6b

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

A **11-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)

**10** 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/123574

---

_This is the markdown-for-agents view of the WhiteIntel dossier for **CEMAC DEVELOPMENTS LIMITED**. Human view: https://whiteintel.dev/entity/9c074b48-30f0-51c2-8c2d-e88169c2aa30 · Structured JSON: https://whiteintel.dev/api/public/dossier/9c074b48-30f0-51c2-8c2d-e88169c2aa30._

_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"._