FGV Audited Financial Statements 2019

133 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 Cambodia (L) Pte. Ltd. FGV-CVC (Cambodia) Co. Ltd. # Cambodia Production and export of rubber blocks and other processed rubber - - 75.0 75.0 25.0 25.0 - - Subsidiaries of Pontian United Plantations Berhad Redefined Land Sdn. Bhd. Malaysia Investment holding - - 100.0 100.0 - - - - Kilang Kelapa sawit Pontian Sdn. Bhd. Malaysia Investment holding - - 100.0 100.0 - - - - Bangsan Sdn. Bhd. Malaysia Investment holding - - 100.0 100.0 - - - - Sabahanya Plantations Sdn. Bhd. @ Malaysia Investment holding and cultivation of oil palm - - 100.0 100.0 - - - -