FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 123 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 % Indirect subsidiaries (continued) 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 - - - - Fortune Plantation Sdn. Bhd. Malaysia Oil palm plantation - - 100.0 100.0 - - - - Asian Plantations Milling Sdn. Bhd. Malaysia Oil palm milling - - 100.0 100.0 - - - -
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