121 AUDITED FINANCIAL STATEMENTS 2021 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 25 INTERESTS IN ASSOCIATES (CONTINUED) Set out below are details of the associates of the Group as at 31 December 2021. The associates as listed below have share capital consisting of ordinary and RCPS shares, which are held directly and indirectly by the Group, have financial years ending 31 December, unless otherwise stated, and are measured by way of equity accounting. Place of business/ country of Nature of Name of company incorporation Group’s effective interest business 2021 2020 % % Indirect associates Associates of FHB Nilai Education Sdn Bhd Malaysia 30.0 30.0 (i) FKW Global Commodities (PVT) Limited Pakistan 30.0 30.0 (ii) Associate of PUP Malacca Plantation Sdn Bhd Malaysia 34.3 34.3 (iii) (i) Management of an educational institute (ii) Commodity trading (iii) Investment holding and cultivation of oil palm During the financial year, the interest in an associate of the Group, Nilai Education Sdn Bhd, which had been approved for the proposed divestment in 2019, has been reclassified from assets held for sale as the disposal plan has not materialised. There are no material contingent liabilities relating to the Group’s interests in the associates. The associate companies above are private companies and have no quoted market price available for their shares.
RkJQdWJsaXNoZXIy NDgzMzc=