126 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 Pontian United Plantations Berhad (continued) Pontian Orico Plantations Sdn. Bhd. Malaysia Cultivation of oil palm and sales of oil palm seedlings - - 78.3 78.3 21.7 21.7 - - Pontian Pendirosa Plantations Sdn. Bhd. Malaysia Cultivation of oil palm and investment holding - - 78.3 78.3 21.7 21.7 - - Pontian Materis Plantations Sdn. Bhd. Malaysia Cultivation of oil palm and investment holding - - 78.3 78.3 21.7 21.7 - - Pontian Hillco Plantations Sdn. Bhd. Malaysia Cultivation of oil palm - - 78.3 78.3 21.7 21.7 - - Pontian Subok Plantations Sdn. Bhd. Malaysia Cultivation of oil palm - - 78.3 78.3 21.7 21.7 - Yapidmas Plantation Sdn. Bhd. Malaysia Cultivation of oil palm and provision of management services - - 100.0 100.0 - - - - Sri Kehuma Sdn. Bhd. Malaysia Cultivation of oil palm - - 100.0 100.0 - - - -
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