FGV Audited Financial Statements 2019

126 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 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 % Indirect subsidiaries (continued) Subsidiaries of FGV Downstream Sdn. Bhd. Felda Global Ventures North America Sdn. Bhd. Malaysia Investment holding - - 100.0 100.0 - - 100.0 100.0 FGV Biotechnologies Sdn. Bhd. Malaysia Processing and sale of biodiesel products - - 100.0 100.0 - - - - FGV Cambridge Nanosystems Limited * United Kingdom Production, manufacturing, biodiesel marketing, selling and/or trading of high grade carbon nanotubes and graphene - - 70.0 70.0 30.0 30.0 - -