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 Pontian United Plantations Berhad (continued) Pontian Materis Plantations Sdn. Bhd. Malaysia Cultivation of oil palm and investment holding – – 78.3 78.3 21.7 21.7 – – Pontian Hillco Plantations Sdn. Bhd. Malaysia Cultivation of oil palm – – 78.3 78.3 21.7 21.7 – – Pontian Subok Plantations Sdn. Bhd. Malaysia Cultivation of oil palm – – 78.3 78.3 21.7 21.7 – – Yapidmas Plantation Sdn. Bhd. Malaysia Cultivation of oil palm and provision of management services – – 100.0 100.0 – – – – Sri Kehuma Sdn. Bhd. Malaysia Cultivation of oil palm – – 100.0 100.0 – – – – Ladang Kluang Sdn. Bhd. Malaysia Cultivation of oil palm – – 100.0 100.0 – – – – Tanah Emas Oil Palm Processing Sdn. Bhd. Malaysia Operation of a palm oil mill – – 100.0 100.0 – – – – Subsidiaries of Sabahanya Plantations Sdn. Bhd Rawajaya Sdn. Bhd. Malaysia Cultivation of oil palm – – 100.0 100.0 – – – – Blossom Plantations Sdn. Bhd. Malaysia Cultivation of oil palm – – 100.0 100.0 – – – – 117 Notes to the Financial Statements For the financial year ended 31 December 2024
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