23 INVESTMENT IN SUBSIDIARIES (CONTINUED) (a) Details of subsidiaries are as follows: (continued) Name of subsidiary Place of business/ country of incorporation Nature of business Proportion of ordinary shares directly held by FGVH Proportion of ordinary shares held by the Group Proportion of ordinary shares held by non-controlling interests Proportion of RCPS/ RCCPS held by the Group 2024 % 2023 % 2024 % 2023 % 2024 % 2023 % 2024 % 2023 % Direct subsidiaries (continued) Pontian United Plantations Berhad Malaysia Investment holding, provision of management services, cultivation of oil palm and sales of fresh fruit bunches 100.0 100.0 100.0 100.0 – – – – Felda Holdings Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 – – – – FGV Research Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 – – – – FGV Integrated Farming Holdings Sdn. Bhd. Malaysia Investment holding, wholesale of paddy, rice, retail sale of other food products, manufacturing of animal feed product and plantation of fruits 100.0 100.0 100.0 100.0 – – – – Indirect subsidiaries Subsidiaries of MSM Malaysia Holdings Berhad MSM Prai Berhad Malaysia Sugar refining, sales and marketing of sugar products and investment holding – – 51.0 51.0 49.0 49.0 – – MSM Trading & Distribution Sdn. Bhd. Malaysia Dormant – – 51.0 51.0 49.0 49.0 – – MSM Sugar Refinery (Johor) Sdn. Bhd. Malaysia Carry on business in sugar product and by-product and to import raw sugar and others for milling and refining of sugar – – 51.0 51.0 49.0 49.0 – – Subsidiary of MSM Prai Berhad MSM Logistics Sdn. Bhd. Malaysia Provision of transportation services – – 51.0 51.0 49.0 49.0 – – FGV Holdings Berhad | Audited Financial Statements 2024 112 Notes to the Financial Statements For the financial year ended 31 December 2024
RkJQdWJsaXNoZXIy NDgzMzc=