FGV Audited Financial Statements 2019

123 01 S E C T I O N NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2019 AUDITED FINANCIAL STATEMENTS 2019 24 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 2019 % 2018 % 2019 % 2018 % 2019 % 2018 % 2019 % 2018 % Direct subsidiaries (continued) FGV Shared Service Centre Sdn. Bhd. Malaysia Provision of shared services 100.0 100.0 100.0 100.0 - - - - FGV R&D Sdn. Bhd. Malaysia Research and development 100.0 100.0 100.0 100.0 - - - - FGV Capital Sdn. Bhd. Malaysia Undertake the business of all kinds of treasury services 100.0 100.0 100.0 100.0 - - - - FGV Investment (L) Pte. Ltd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - - - Pontian United Plantations Berhad Malaysia Investment holding and cultivation of oil palm 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 company 100.0 100.0 100.0 100.0 - - - -