|
|
|
|
|
|
|
|
|
|
|
|
|
LIST OF SUBSIDIARIES
SUBSIDIARIES OF NEWSTATE HOLDINGS, INC.
NSK Holdings, Inc., organized under the Delaware business laws
Racom Systems, Inc., organized under the Colorado Business laws
SUBSIDIARIES OF NSK HOLDINGS, INC.
NewState Capital Co., Ltd., organized under Korean business laws
|
|