110 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 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 2022 % 2021 % 2022 % 2021 % 2022 % 2021 % 2022 % 2021 % Indirect subsidiaries (continued) Subsidiaries of FGV Plantations Sdn. Bhd. (continued) FGV Trading Sdn. Bhd. Malaysia Purchasing of oil palm FFB, processing, refining and sale of its finished products, and trading of commodities products - - 100.0 100.0 - - - - Subsidiaries of FGV Plantations (Malaysia) Sdn. Bhd. Asian Plantations Limited # Singapore Investment holding - - 100.0 100.0 - - - - Asian Plantations (Sarawak) Sdn. Bhd. Malaysia Investment holding - - 100.0 100.0 - - - - Asian Plantations (Sarawak) II Sdn. Bhd. Malaysia Investment holding - - 100.0 100.0 - - - - Subsidiaries of Asian Plantations Limited Asian Plantations (Sarawak) III Sdn. Bhd. Malaysia Investment holding - - 100.0 100.0 - - - - Subsidiaries of Asian Plantations (Sarawak) Sdn. Bhd. BJ Corporation Sdn. Bhd. Malaysia Oil palm plantation - - 100.0 100.0 - - - - Incosetia Sdn. Bhd. Malaysia Oil palm plantation - - 100.0 100.0 - - - -
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