118 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 Palm Industries Sdn. Bhd. FGV Refineries Sdn. Bhd. Malaysia Provision of crude palm oil and palm kernel processing service - - 48.0 48.0 52.0 52.0 - - FGV Kernel Products Sdn. Bhd. Malaysia Buying and processing oil palm kernels, refined palm oil products and selling its products - - 60.0 60.0 40.0 40.0 - - Delima Oil Products Sdn.Bhd. Malaysia Manufacture of other food products N.E.C, wholesale of paddy, rice, flour, other grains and sugar and export and import of other foodstuffs - - 72.0 72.0 28.0 28.0 - - FGV Marketing Services Sdn. Bhd. Malaysia Marketing of FGV Holdings Berhad group of companies’ commodity products - - 36.7 36.7 63.3 63.3 - - FNI Biofuel Sdn. Bhd. * Malaysia Manufacturing of biomass fuel from empty fruit bunch - - 72.0 72.0 28.0 28.0 - -
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