13. INVESTMENTS IN SUBSIDIARIES (CONTINUED) The details of the subsidiaries are as follows: Name of company (Country of incorporation and principal place of business) Principal activities Proportion of ownership interest held by the Group 2024 2023 % % Held by the Company Keong Hong Construction Pte Ltd(1) (“KHC”) (Singapore) General and building contractors 100 100 KH Capital Pte Ltd(1) (Singapore) Investment holdings and trading of building construction materials 100 100 K.H. Land Pte Ltd(1) (“KHL”) (Singapore) Investment holding, real estate development and building construction 100 100 Grandwood Holdings Pte Ltd(1) (Singapore) Investment holding 100 100 Held by K.H. Land Pte Ltd KHA Resorts & Hotels Construction Pvt Ltd(2) (Cayman Islands) Hotel building contractors 100 100 KHA Resorts & Hotels Construction (Maldives) Pvt Ltd(2)(3) (“KHAM”) (Republic of Maldives) Hotel building contractors 100 100 Held by Grandwood Holdings Pte. Ltd. Grandwood (Japan) Pte Ltd(1) (Singapore) Investment holding 100 100 (1) Audited by Forvis Mazars LLP, Singapore (formerly known as Mazars LLP). (2) Audited by Ernst & Young, Maldives. (3) Proportion of ownership interest of 5% (2023: 5%) held by KHC. 95 ANNUAL REPORT 2024 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 30 SEPTEMBER 2024
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