134 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 FGV Bulkers Sdn. Bhd. FGV Grains Terminal Sdn. Bhd. Malaysia Handling, storage transportation, mixing and blending of palm kernel meal and grains - - 70.3 70.3 29.7 29.7 - - Subsidiary of Felda Engineering Services Sdn. Bhd. Felda Properties Sdn.Bhd. Malaysia Property development and management, project management for mining and logging activities and acting as manager in managing certain projects on behalf of FELDA - - 51.0 51.0 49.0 49.0 - - Subsidiary of FGV Research Sdn. Bhd. FGV Applied Technologies Sdn. Bhd. Malaysia Research and Development of mechanisation, automation, milling, biomass, bio and oleo chemicals and food technology - - 100.0 100.0 - - - -
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