| PNG Balsa Company Limited -The- | Private company limited by shares | Live |
| MJ BALSA LIMITED | Private company limited by shares | Live |
| JOSETTE BALSA ART INVESTMENT LIMITED | Private company limited by shares | Dissolved |
| BALSAM LIMITED | Private company limited by shares | Dissolved |
| RED BALSAM LIMITED | Private company limited by shares | Dissolved |
| BALSAM BIOTECH CO., LIMITED | Private company limited by shares | Live |
| BALSAM BULK SHIPPING CO., LIMITED | | Live |
| BALSAM DEVELOPMENT LIMITED | Private company limited by shares | Dissolved |
| FAIR BALSAM LIMITED | Private company limited by shares | Dissolved |
| GRACE BALSAM LIMITED | Private company limited by shares | Dissolved |
| BALSAM GROUP LIMITED | Private company limited by shares | Live |
| HONG KONG BALSAM TECHNOLOGY LIMITED | Private company limited by shares | Dissolved |
| BALSAM INTERNATIONAL LIMITED | Private company limited by shares | Dissolved |
| BALSAM INVESTMENTS LIMITED | Private company limited by shares | Dissolved |
| BALSAM MANUFACTURING LIMITED | Private company limited by shares | Dissolved |
| Balsamico Limited | Private company limited by shares | Live |
| BALSAN LIMITED | Private company limited by shares | Dissolved |
| BALSCO INTERNATIONAL LIMITED | Private company limited by shares | Dissolved |
| Balsharaf Asia Limited | Private company limited by shares | Dissolved |
| BALSHAW LIMITED | Private company limited by shares | Dissolved |
| BALSIM LEATHER LIMITED | Private company limited by shares | Dissolved |
| DUO BALSKAT LIMITED | Private company limited by shares | Live |
| BALSTON TECHNOLOGIES LIMITED | Private company limited by shares | Dissolved |
| Balsu Asia Limited | Private company limited by shares | Live |
| BALSUM PROPERTIES LIMITED | Private company limited by shares | Dissolved |