AUDITED FINANCIAL STATEMENTS 2022 119 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 % Indirect subsidiaries (continued) Subsidiary of FGV Marketing Services Sdn. Bhd. PT. Cashgrow Ventures # Indonesia Commodity trading - - 34.9 34.9 65.1 65.1 - - Subsidiaries of FGV Rubber Industries Sdn. Bhd. Feltex Co. Ltd. * Thailand Processing and marketing of latex concentrate - - 36.4 36.4 63.6 63.6 - - P.T. Felda Indo Rubber * Indonesia Under liquidation - - 50.0 50.0 50.0 50.0 - - Subsidiaries of FGV Johore Bulkers Sdn. Bhd. FGV Bulkers Sdn. Bhd. Malaysia Storage and export of crude and refined palm oil, oleochemical products, palm kernel oil, palm kernel expeller and palm kernel shell, tank and warehouse rentals - - 86.3 86.3 13.7 13.7 - - P.T. Patisindo Sawit *(Note 2) Indonesia Liquidated - - - 72.7 - 27.3 - - Langsat Bulkers Sdn. Bhd. Malaysia Handling, storing and transhipping biodiesel, biofuel, palm oil products, oleo chemicals, soft oils and other vegetable oils - - 73.1 73.1 26.9 26.9 - -
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