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 Asian Plantations (Sarawak) Sdn. Bhd. BJ Corporation Sdn. Bhd. Malaysia Oil palm plantation – – 100.0 100.0 – – – – Incosetia Sdn. Bhd. Malaysia Oil palm plantation – – 100.0 100.0 – – – – Fortune Plantation Sdn. Bhd. Malaysia Oil palm plantation – – 100.0 100.0 – – – – Asian Plantations Milling Sdn. Bhd. Malaysia Oil palm milling – – 100.0 100.0 – – – – Subsidiary of Incosetia Sdn. Bhd. South Asian Farms Sdn. Bhd. Malaysia Dormant – – 100.0 100.0 – – – – Subsidiaries of Asian Plantations (Sarawak) II Sdn. Bhd. Kronos Plantation Sdn. Bhd. Malaysia Oil palm plantation – – 100.0 100.0 – – – – Grand Performance Sdn. Bhd. Malaysia Oil palm plantation – – 100.0 100.0 – – – – Subsidiary of Asian Plantations Sarawak III Sdn. Bhd. Jubilant Paradise Sdn. Bhd. Malaysia Oil palm plantation – – 60.0 60.0 40.0 40.0 – – 115 Notes to the Financial Statements For the financial year ended 31 December 2024
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