124 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) Subsidiary of Incosetia Sdn. Bhd. South Asian Farms Sdn. Bhd. Malaysia Dormant - - 100.0 100.0 - - - - Subsidiaries of Asian Plantations (Sarawak) II Sdn. Bhd. Kronos Plantation Sdn. Bhd. Malaysia Oil palm plantation - - 100.0 100.0 - - - - Grand Performance Sdn. Bhd. Malaysia Oil palm plantation - - 100.0 100.0 - - - - Subsidiary of Asian Plantations Sarawak III Sdn. Bhd. Jubilant Paradise Sdn. Bhd. Malaysia Oil palm plantation - - 60.0 60.0 40.0 40.0 - - Subsidiaries of FGV Kalimantan Sdn. Bhd. PT. Citra Niaga Perkasa # (Note 1) Indonesia Oil palm plantation - - - 95.0 - 5.0 - - PT. Temila Agro Abadi # (Note 1) Indonesia Oil palm Plantation - - - 95.0 - 5.0 - - PT Bumi Agro Nusantara # Indonesia Management and consulting services - - 100.0 100.0 - - - -
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