FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 127 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) Ladang Kluang Sdn. Bhd Malaysia Cultivation of oil palm - - 100.0 100.0 - - - - Tanah Emas Oil Palm Processing Sdn. Bhd. Malaysia Operation of a palm oil mill - - 100.0 100.0 - - - - Subsidiaries of Sabahanya Plantations Sdn. Bhd. Rawajaya Sdn. Bhd. Malaysia Cultivation of oil palm - - 100.0 100.0 - - - - Blossom Plantations Sdn. Bhd. Malaysia Cultivation of oil palm - - 100.0 100.0 - - - - Subsidiaries of Felda Holdings Bhd. FGV Palm Industries Sdn. Bhd. (Note 2) Malaysia Investment holding, provision of tolling services related to the processing of FFB into crude palm oil and palm kernel and the sale of by-products from tolling activities - - 72.0 72.0 28.0 28.0 - -
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