FGV Audited Financial Statements 2019

135 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 Pontian United Plantations Berhad (continued) Pontian Materis Plantations Sdn. Bhd. Malaysia Cultivation of oil palm and investment holding - - 78.3 78.3 21.7 21.7 - - Pontian Hillco Plantations Sdn. Bhd. Malaysia Cultivation of oil palm - - 78.3 78.3 21.7 21.7 - - Pontian Subok Plantations Sdn. Bhd. Malaysia Cultivation of oil palm - - 78.3 78.3 21.7 21.7 - - Yapidmas Plantation Sdn. Bhd. Malaysia Cultivation of oil palm and provision of management services - - 100.0 100.0 - - - - Sri Kehuma Sdn. Bhd. Malaysia Cultivation of oil palm - - 100.0 100.0 - - - - Ladang Kluang Sdn. Bhd. Malaysia Cultivation of oil palm - - 100.0 100.0 - - - - Tanah Emas Oil Palm Processing Sdn. Bhd. Malaysia Operation of a palm oil mill - - 100.0 100.0 - - - -