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 Felda Holdings Bhd. FGV Palm Industries Sdn. Bhd. Malaysia Investment holding, provision of tolling services related to the processing of FFB into crude palm oil and palm kernel and the sale of by-products from tolling activities – – 72.0 72.0 28.0 28.0 – – FGV Agri Services Sdn. Bhd. Malaysia Research and development, providing advisory services and production and sale of agricultural products – – 76.9 76.9 23.1 23.1 – – Felda Travel Sdn. Bhd. Malaysia Travel and tour agent – – 100.0 100.0 – – 100.0 100.0 Malaysia Cocoa Manufacturing Sdn. Bhd. Malaysia Ceased operations in 2014 – – 100.0 100.0 – – – – FGV Fertiliser Sdn Bhd. Malaysia Manufacture and sales of fertilisers – – 100.0 100.0 – – – – FGV Prodata Systems Sdn. Bhd. Malaysia Provisions of information technology solutions, sales of computer hardware, software and equipment and system support services – – 80.0 80.0 20.0 20.0 – – FGV Johore Bulkers Sdn. Bhd. Malaysia Storing and handling of vegetable oil and trading in palm kernel shell – – 73.1 73.1 26.9 26.9 – – FGV Holdings Berhad | Audited Financial Statements 2024 118 Notes to the Financial Statements For the financial year ended 31 December 2024
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