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) Subsidiary of Felda Engineering Services Sdn. Bhd. Felda Properties Sdn. Bhd. Malaysia Property development and management, project management for logging activities and acting as manager in managing projects on behalf of FELDA – – 51.0 51.0 49.0 49.0 – – Subsidiary of FGV Research Sdn. Bhd. FGV Applied Technologies Sdn. Bhd. Malaysia Research and Development of mechanisation, automation, milling, biomass, bio and oleo chemicals and food technology – – 100.0 100.0 – – – – Subsidiaries of FGV Integrated Farming Holdings Sdn. Bhd. FGV Dairy Farm Sdn. Bhd. Malaysia Engaged in the business of agriculture, general trading and properties – – 60.0 60.0 40.0 40.0 – – FGV Agro Fresh Technology Sdn. Bhd. Malaysia Internet retail of groceries, including fresh produce and and food items, and and the trading, import, export, distribution and wholesaling of food products – – 52.0 52.0 48.0 48.0 – – FGV Chuping Agro Valley Sdn. Bhd. Malaysia Rubber, mango and oil palm plantation – – 100.0 100.0 – – – – FGV Holdings Berhad | Audited Financial Statements 2024 122 Notes to the Financial Statements For the financial year ended 31 December 2024
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