106 FGV HOLDINGS BERHAD 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: (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 2022 % 2021 % 2022 % 2021 % 2022 % 2021 % 2022 % 2021 % Direct subsidiaries (continued) FGV Investment (L) Pte. Ltd Malaysia Investment holding and investment management 100.0 100.0 100.0 100.0 - - - - Pontian United Plantations Berhad Malaysia Investment holding, provision of management services, cultivation of oil palm and sales of fresh fruit bunches 100.0 100.0 100.0 100.0 - - - - Felda Holdings Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - - - FGV Research Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - - - FGV Integrated Farming Holdings Sdn. Bhd. Malaysia Investment holding, wholesale of paddy, rice, flour, other grains, other general trading and services. 100.0 100.0 100.0 100.0 - - - -
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