120 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 % 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 - - Subsidiaries 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 - - Subsidiaries of Felda Travel Sdn. Bhd. Plantation Resorts Sdn. Bhd. (Note 1) Malaysia Liquidated - - - 100.0 - - - -
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