<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
------
Transwitch Corporation
----------------------------------
(Name of Issuer)
Common Stock
----------------------------------
(Title of Class of Securities)
894065 10 1
----------------------------------
(CUSIP Number)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
<PAGE>
CUSIP No. 894065 10 1 13G
- -------------------------------------------------------------------------------
(1) Names of Reporting Persons. S.S. or I.R.S. Identification Nos. of Above
Persons
The Development Bank of Singapore Ltd.
- -------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member (a) / /
of a Group (b) /X/
- -------------------------------------------------------------------------------
(3) SEC Use Only
- -------------------------------------------------------------------------------
(4) Citizenship or Place of Organization
Singapore
- -------------------------------------------------------------------------------
Number of Shares (5) Sole Voting Power
Beneficially -0-
Owned by --------------------------------------------------
Each Reporting (6) Shared Voting Power
Person With 37,067
--------------------------------------------------
(7) Sole Dispositive Power
-0-
--------------------------------------------------
(8) Shared Dispositive Power
37,067
- -------------------------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
37,067
- -------------------------------------------------------------------------------
(10) Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares / /
- -------------------------------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
0.3%
- -------------------------------------------------------------------------------
(12) Type of Reporting Person
BK
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 894065 10 1 13G
ITEM 1(a). NAME OF ISSUER
Transwitch Corporation
- -------------------------------------------------------------------------------
ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES
8 Progress Drive, Shelton, Connecticut 06484
- -------------------------------------------------------------------------------
ITEM 2(a). NAME OF PERSON(S) FILING
The information contained in Item (1) of the cover page
pertaining to the reporting person is incorporated herein by
this reference.
- -------------------------------------------------------------------------------
ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE
The principal business office of the reporting person is
located at 6 Shenton Way #20-09, DBS Building Tower Two,
Singapore 068809.
- -------------------------------------------------------------------------------
ITEM 2(c). CITIZENSHIP
The information contained in Item (4) of the cover page pertaining
to the reporting person is incorporated herein by reference.
- -------------------------------------------------------------------------------
ITEM 2(d). TITLE OF CLASS OF SECURITIES
Common Stock, par value $.001 per share.
- -------------------------------------------------------------------------------
ITEM 2(e). CUSIP NUMBER
894065 10 1
- -------------------------------------------------------------------------------
ITEM 3. CLASSIFICATION
Not Applicable
- -------------------------------------------------------------------------------
ITEM 4. OWNERSHIP
The information contained in Items (5), (6), (7), (8), (9) and (11)
of the cover page pertaining to the reporting person is incorporated
herein by this reference. The reporting person may be deemed to be
the beneficial holder of the 607 shares held by DBS Nominees Pte.
Ltd., a wholly-owned subsidiary. The reporting person is also a 40%
shareholder of Transtech Venture Management Pte. Ltd. ("Transtech")
and 22% shareholder of Transtech Capital Investments I Ltd.
Transtech holds directly 782 shares of the Issuer and is an
investment fund manager that controls voting and investment power
over the shares beneficially held by Transtech Capital Investments I
Ltd. (23,785 shares) and Transtech Capital Investments II Ltd.
(11,893 shares).
- -------------------------------------------------------------------------------
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not Applicable
- -------------------------------------------------------------------------------
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Not Applicable
- -------------------------------------------------------------------------------
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED
THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not Applicable
- -------------------------------------------------------------------------------
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not Applicable
- -------------------------------------------------------------------------------
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not Applicable
- -------------------------------------------------------------------------------
<PAGE>
CUSIP No. 894065 10 1 13G
ITEM 10. CERTIFICATION
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 14, 1997 THE DEVELOPMENT BANK OF SINGAPORE LTD.
a Singapore corporation
By: /s/ Richard D. Judkins
----------------------------------------
Attorney-In-Fact
<PAGE>
POWER OF ATTORNEY
Know all by these presents, that each of the undersigned hereby
constitutes and appoints Richard D. Judkins as the undersigned's true and
lawful attorney-in-fact, with full power of substitution, for the undersigned
and in the undersigned's name, place and stead, to:
1. Execute for and on behalf of the undersigned, with regard to the
undersigned's beneficial ownership of securities of Transwitch Corporation,
any Forms 3, 4 and 5 in accordance with Section 16(a) of the Securities
Exchange Act of 1934 and the rules thereunder and any Schedule 13D and
Schedule 13G filings pursuant to Section 13(d) and 13(g) of the Securities
Exchange Act of 1934 and the rules thereunder;
2. Do and perform any and all acts for and on behalf of the undersigned
which may be necessary or desirable to complete and execute any such Form 3,
4, 5, Schedule 13D or Schedule 13G and file such Form or Schedule with the
United States Securities and Exchange Commission (the "SEC") and any stock
exchange or similar authority including, without limitation, any and all acts
necessary or desirable to effect the electronic filing of same pursuant to
the provisions of Regulation S-T promulgated by the SEC; and
3. Take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interests of, or legally required by, the undersigned, it
being understood that the documents executed by such attorney-in-fact on
behalf of the undersigned pursuant to this Power of Attorney shall be in such
form and shall contain such terms and conditions as such attorney-in-fact may
approve in such attorney-in-fact's discretion.
The undersigned hereby grants to the attorney-in-fact full power and
authority to do and perform any and every act and thing requisite and
necessary, to be done in the exercise of any of the rights and powers herein
granted, as fully to all intents and purposes as the undersigned might or
could do in person, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes, may
lawfully do or cause to be done by virtue of this Power of Attorney and the
rights and powers granted herein. Each of the undersigned acknowledges that
the foregoing attorney-in-fact, serving in that capacity at the request of
the undersigned, is not assuming any of the undersigned's responsibilities to
comply with Section 16 or Section 13 of the Securities Exchange Act of 1934.
This Power of Attorney shall remain in full force and effect until the
undersigned is no longer required to file any of the above Forms or Schedules
with respect to the undersigned's holdings and transactions in securities
issued by Transwitch Corporation unless earlier revoked by the undersigned in
a signed writing delivered to the foregoing attorney-in-fact.
<PAGE>
Power of Attorney
Page 2
IN WITNESS WHEREOF, the undersigned has caused this Power of Attorney to
be executed as of the 14th day of February, 1997.
[AFFIXED COMMON SEAL
The Common Seal of DBS ) OF
Nominees Pte. Ltd. ) DBS NOMINEES PTE. LTD.]
was hereunto affixed )
in the presence of: - )
/s/ Gan Kim Kok Director
/s/ Heng Lee Cheng Secretary
[AFFIXED COMMON SEAL
The Common Seal of The ) OF
Development Bank of ) THE DEVELOPMENT BANK
Singapore Ltd. was ) OF SINGAPORE LTD.]
hereunto affixed in )
the presence of: - )
/s/ Lau Chan Sin Director
/s/ Heng Lee Cheng Secretary
