FGV Audited Financial Statements 2019

131 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 Asian Plantations (Sarawak) Sdn. Bhd. (continued) Fortune Plantation Sdn. Bhd. Malaysia Oil palm plantation - - 100.0 100.0 - - - - Asian Plantations Milling Sdn. Bhd. Malaysia Oil palm milling - - 100.0 100.0 - - - - Subsidiary of Incosetia Sdn. Bhd. South Asian Farms Sdn. Bhd. Malaysia Dormant - - 100.0 100.0 - - - - Subsidiaries of Asian Plantations (Sarawak) II Sdn. Bhd. Kronos Plantation Sdn. Bhd. Malaysia Oil palm plantation - - 100.0 100.0 - - - - Grand Performance Sdn. Bhd. Malaysia Oil palm plantation - - 100.0 100.0 - - - - Subsidiary of Asian Plantations Sarawak III Sdn. Bhd. Jubilant Paradise Malaysia Oil palm plantation - - 60.0 60.0 40.0 40.0 - -