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. (continued) FGV Rubber Industries Sdn. Bhd. Malaysia Processing of raw latex to concentrated latex and Standard Malaysia Rubber (“SMR”), manufacturing, trading and distribution of rubber related products – – 71.4 71.4 28.6 28.6 – – Felda Engineering Services Sdn. Bhd. Malaysia Engineering services including project management, sale of industrial equipment and property management – – 51.0 51.0 49.0 49.0 – – FGV Transport Services Sdn. Bhd. Malaysia Provision of liquid and general cargo transportation, courier and forwarding services and jetty operation services – – 51.0 51.0 49.0 49.0 – – FGV Security Services Sdn. Bhd. Malaysia Provision of security services, sale of security appliances, sales and provision of services of fire protection equipment, pest control and training services – – 51.0 51.0 49.0 49.0 – – F.W.Q. Enterprises (Pvt.) Ltd.* Pakistan Provision of liquid cargo storage terminal/jetty/berth facilities – 65.0 65.0 35.0 35.0 – – FGV Logistics Sdn. Bhd. (Note 2) Malaysia Provision of transportation – 100.0 90.0 – – – – FGV Products Sdn. Bhd. Malaysia Sales, marketing, and distribution of retail packed consumer products – 100.0 100.0 – – – – 119 Notes to the Financial Statements For the financial year ended 31 December 2024
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