FGV Audited Financial Statements 2019

127 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 % Indirect subsidiaries (continued) Subsidiaries of FGV Downstream Sdn. Bhd. (continued) FGV Green Energy Sdn. Bhd. Malaysia Producing and manufacturing biodiesel - - 60.0 60.0 40.0 40.0 - - FGV Lipid Venture Sdn. Bhd. (Note 3) Malaysia Liquidated - - - 60.0 - 40.0 - - Subsidiaries of Felda Global Ventures North America Sdn. Bhd. Twin Rivers Technologies Holdings, Inc. # United States of America Investment holding - - 100.0 100.0 - - - - Twin Rivers Technologies Holdings - Enterprise De Transformation De Graines Oleagineuses Du Quebec Inc* Canada Investment holding - - 100.0 100.0 - - - -