FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 129 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 Felda Holdings Bhd. (continued) FGV Johore Bulkers Sdn. Bhd. Malaysia Storing and handling of vegetable oil and trading in palm kernel shell - - 73.1 73.1 26.9 26.9 - - FGV Rubber Industries Sdn. Bhd. Malaysia Processing of raw latex to concentrated latex and Standard Malaysia Rubber (“SMR”), manufacturing, trading and distribution of rubber related products - - 71.4 71.4 28.6 28.6 - - Felda Engineering Services Sdn. Bhd. Malaysia Engineering services including project management, sale of industrial equipment and property management - - 51.0 51.0 49.0 49.0 - -
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