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 Kalimantan Sdn. Bhd. PT Bumi Agro Nusantara# Indonesia Management and consulting services – – 100.0 100.0 – – – – Subsidiaries of FGV Investment (L) Pte. Ltd. FGV Cambodia (L) Pte. Ltd. Malaysia Investment holding – – 100.0 100.0 – – – – Subsidiaries of FGV Cambodia (L) Pte. Ltd. FGV-CVC (Cambodia) Co. Ltd.# Cambodia Production and export of rubber blocks – – 75.0 75.0 25.0 25.0 – – Subsidiaries of Pontian United Plantations Berhad Redefined Land Sdn. Bhd. Malaysia Investment holding – – 100.0 100.0 – – – – Kilang Kelapa sawit Pontian Sdn. Bhd. Malaysia Investment holding – – 100.0 100.0 – – – – Bangsan Sdn. Bhd. Malaysia Investment holding – – 100.0 100.0 – – – – Sabahanya Plantations Sdn. Bhd.@ Malaysia Investment holding and cultivation of oil palm – – 100.0 100.0 – – – – Pontian Fico Plantations Sdn. Bhd. Malaysia Investment holding, cultivation and purchase of oil palm FFB, processing, saled of its finished products – – 78.3 78.3 21.7 21.7 – – Pontian Orico Plantations Sdn. Bhd. Malaysia Cultivation of oil palm and sales of oil palm seedlings – – 78.3 78.3 21.7 21.7 – – Pontian Pendirosa Plantations Sdn. Bhd. Malaysia Cultivation of oil palm and investment holding – – 78.3 78.3 21.7 21.7 – – FGV Holdings Berhad | Audited Financial Statements 2024 116 Notes to the Financial Statements For the financial year ended 31 December 2024
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