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 % Indirect subsidiaries (continued) Subsidiaries of FGV Downstream Sdn. Bhd. Felda Global Ventures North America Sdn. Bhd. Malaysia Investment holding – – 100.0 100.0 – – 100.0 100.0 FGV Biotechnologies Sdn. Bhd. Malaysia Processing and sale of biodiesel products – – 100.0 100.0 – – – – FGV Green Energy Sdn. Bhd. Malaysia Processing and sale of biodiesel products – – 60.0 60.0 40.0 40.0 – – Subsidiaries of Felda Global Ventures North America Sdn. Bhd. Twin Rivers Technologies Holdings, Inc.# United States of America Investment holding – – 100.0 100.0 – – – – Twin Rivers Technologies Holdings-Enterprise De Transformation De Graines Oleagineuses Du Quebec Inc* Canada Investment holding – – 100.0 100.0 – – – – Subsidiaries of Twin Rivers Technologies Holding, Inc. Twin Rivers Technologies Manufacturing Corporation# United States of America Procurement, processing and supply of fatty acids – – 100.0 100.0 – – – – TRT Europe GambH# Germany Dormant – – 100.0 100.0 – – – – 113 Notes to the Financial Statements For the financial year ended 31 December 2024
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