AUDITED FINANCIAL STATEMENTS 2022 105 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2022 23 INVESTMENT IN SUBSIDIARIES (CONTINUED) (a) Details of subsidiaries are as follows: 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 2022 % 2021 % 2022 % 2021 % 2022 % 2021 % 2022 % 2021 % Direct subsidiaries FGV Sugar Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - 100.0 100.0 Felda Global Ventures Perlis Sdn. Bhd. Malaysia Dormant 100.0 100.0 100.0 100.0 - - - - FGV Resources Sdn. Bhd. Malaysia Dormant 100.0 100.0 100.0 100.0 - - - - FGV USA Properties,Inc.* United States of America Operator of residential real estate in USA 100.0 100.0 100.0 100.0 - - - - MSM Malaysia Holdings Berhad Malaysia Investment holding 11.0 11.0 51.0 51.0 49.0 49.0 - - FGV Downstream Sdn.Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - 100.0 100.0 FGV Plantations Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - 100.0 100.0 FGV Shared Service Centre Sdn. Bhd. Malaysia Provide transactional processing activities for Finance and Human Resources functions of FGV Holdings Berhad Group of companies 100.0 100.0 100.0 100.0 - - - - FGV R&D Sdn. Bhd. Malaysia Research and development 100.0 100.0 100.0 100.0 - - - - FGV Capital Sdn. Bhd. Malaysia Undertake the business of all kinds of treasury services 100.0 100.0 100.0 100.0 - - - -
RkJQdWJsaXNoZXIy NDgzMzc=