FGV Audited Financial Statements 2019

134 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 Pontian United Plantations Berhad (continued) Pontian Fico Plantations Sdn. Bhd. Malaysia Investment holding, cultivation and purchase of oil palm, fresh fruit bunches, processing, extraction of crude palm oil and palm kernel for sale - - 78.3 78.3 21.7 21.7 - - Pontian Orico Plantations Sdn. Bhd. Malaysia Cultivation of oil palm and sales of oil palm seedings - - 78.3 78.3 21.7 21.7 - - Pontian Pendirosa Plantations Sdn. Bhd. Malaysia Cultivation of oil palm and investment holding - - 78.3 78.3 21.7 21.7 - -