FGV Audited Financial Statements 2019

129 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) Subsidiary of FGV Cambridge Nanosystems Ltd. GasPlas AS* Norway Research and experimental development on natural sciences and engineering - - 70.0 70.0 30.0 30.0 - - Subsidiaries of FGV Plantations Sdn. Bhd. FGV Plantations (Malaysia) Sdn. Bhd. Malaysia Production of FFB, and rubber cup-lump - - 100.0 100.0 - - - - FGV Kalimantan Sdn. Bhd. Malaysia Investment holding - - 100.0 100.0 - - - - FGV Trading Sdn. Bhd. (Note 4) Malaysia Commodity trading - - 100.0 100.0 - - - -