FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 119 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 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 2023 % 2022 % 2023 % 2022 % 2023 % 2022 % 2023 % 2022 % Direct subsidiaries (continued) FGV R&D Sdn. Bhd. Malaysia Research and development 100.0 100.0 100.0 100.0 - - - - FGV Capital Sdn. Bhd. Malaysia Undertake the business of all kinds of treasury services 100.0 100.0 100.0 100.0 - - - - FGV Investment (L) Pte. Ltd. Malaysia Investment holding and investment management 100.0 100.0 100.0 100.0 - - - - Pontian United Plantations Berhad Malaysia Investment holding, provision of management services, cultivation of oil palm and sales of fresh fruit bunches 100.0 100.0 100.0 100.0 - - - - Felda Holdings Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - - - FGV Research Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - - - FGV Integrated Farming Holdings Sdn. Bhd. Malaysia Investment holding, wholesale of paddy, rice,retail sale of other food products, manufacturing of animal feed product and plantation of fruits 100.0 100.0 100.0 100.0 - - - -
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