122 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) Subsidiaries of FGV Integrated Farming Holdings Sdn. Bhd. (continued) FGV Agro Fresh Technology Sdn. Bhd. Malaysia Internet retail of groceries, including fresh produce and food items, and the trading, import, export, distribution wholesaling of food products - - 52.0 52.0 48.0 48.0 - - FGV Chuping Agro Valley Sdn. Bhd. (formerly known as MSM Perlis 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 - - Subsidiary of FGV Trading Sdn. Bhd. FGV-PU India Pte. Ltd. India Sale regional office including market intelligence and business development work for India market - - 70.0 70.0 30.0 30.0 - -
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