15. INVESTMENTS IN SUBSIDIARIES ECW 2024 2023 S$’000 S$’000 Equity investments at cost Beginning and end of financial year 39,588 39,588 15. INVESTMENTS IN SUBSIDIARIES (continued) Details of the subsidiaries are as follows: Name of subsidiary Principal activities Country of business/ incorporation Proportion of ordinary shares held directly by parent Proportion of ordinary shares held by the Group 2024 2023 2024 2023 % % % % Fullwealth Investment Pte. Ltd.* Investment holding Singapore 100 100 100 100 Richwin Investment Pte. Ltd.* Investment holding Singapore 100 100 100 100 Prorich Investment Pte. Ltd.* Investment holding Singapore 100 100 100 100 Richport Investment Pte. Ltd.* Investment holding Singapore 100 100 100 100 Magnasset Investment Pte. Ltd.* Investment holding Singapore 100 100 100 100 JY Logistics Investment Pte. Ltd.* Investment holding Singapore 100 100 100 100 ECW Treasure Pte. Ltd.* Investment holding Singapore 100 100 100 100 ECW Treasure 1 Pte. Ltd.* Investment holding Singapore 100 100 100 100 Flutric Investments Limited^ Investment holding British Virgin Islands 100 100 100 100 Realtime Assets Global Pte. Ltd.* Investment holding Singapore – – 100 100 Hangzhou Chongxian Port Investment Co., Ltd.# Port logistics People’s Republic of China, Hangzhou – – 100 100 Hangzhou Chongxian Port Logistics Co., Ltd.# Port logistics People’s Republic of China, Hangzhou – – 100 100 Hangzhou Fu Zhuo Industrial Co., Ltd.# Port logistics People’s Republic of China, Hangzhou – – 100 100 EC WORLD REIT 100 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2024
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