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) Subsidiary of Twin Rivers Technologies Manufacturing Corporation Fore River Transportation Corporation# United States of America Operation, management and maintenance of a railroad service – – 100.0 100.0 – – – – Subsidiaries of FGV Plantations Sdn. Bhd. FGV Plantations (Malaysia) Sdn. Bhd. Malaysia Production and sales of FFB, rubber cup-lump and other agricultural products – – 100.0 100.0 – – – – FGV Kalimantan Sdn. Bhd. Malaysia Investment holding – – 100.0 100.0 – – – – FGV Trading Sdn. Bhd. Malaysia Buying and selling of commodity products either through physical or paper transactions, carrying on marketing activities and undertaking of investment activities – – 100.0 100.0 – – – – Subsidiaries of FGV Plantations (Malaysia) Sdn. Bhd. Asian Plantations Limited# Singapore Investment holding – – 100.0 100.0 – – – – Asian Plantations (Sarawak) Sdn. Bhd. Malaysia Investment holding – – 100.0 100.0 – – – – Asian Plantations (Sarawak) II Sdn. Bhd. Malaysia Investment holding – – 100.0 100.0 – – – – Subsidiaries of Asian Plantations Limited Asian Plantations (Sarawak) III Sdn. Bhd. Malaysia Investment holding – – 100.0 100.0 – – – – FGV Holdings Berhad | Audited Financial Statements 2024 114 Notes to the Financial Statements For the financial year ended 31 December 2024
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