FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 131 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 Products Sdn.Bhd. Malaysia Sales, marketing, and distribution of retail packed consumer products - - 100.0 100.0 - - - - Subsidiaries of FGV Palm Industries Sdn. Bhd. FGV Refineries Sdn. Bhd. Malaysia Provision of crude palm oil and palm kernel processing service - - 48.0 48.0 52.0 52.0 - - FGV Kernel Products Sdn. Bhd. Malaysia Buying and processing oil palm kernels, refined palm oil products and selling its products - - 60.0 60.0 40.0 40.0 - -
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