FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 135 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 FGV Integrated Farming Holdings Sdn. Bhd. FGV Dairy Farm Sdn. Bhd. Malaysia Engaged in the business of agriculture, general trading and properties - - 60.0 60.0 40.0 40.0 - - FGV Agro Fresh Technology Sdn. Bhd. Malaysia Internet retail of groceries, including fresh produce and food items, and the trading, import, export, distribution and wholesaling of food products - - 52.0 52.0 48.0 48.0 - - FGV Chuping Agro Valley Sdn. Bhd. Malaysia Rubber, mango, and oil palm plantation - - 100.0 100.0 - - - - Subsidiary of FGV Dairy Farm Sdn. Bhd. FGV Dairy Industries Sdn. Bhd. Malaysia Producing and trading of dairy products - - 60.0 60.0 40.0 40.0 - -
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