FGV Audited Financial Statements 2019

136 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 Sabahanya Plantations Sdn. Bhd Rawajaya Sdn. Bhd. Malaysia Cultivation of oil palm - - 100.0 100.0 - - - - Blossom Plantations Sdn. Bhd. Malaysia Cultivation of oil palm - - 100.0 100.0 - - - - Subsidiaries of Felda Holdings Bhd. FGV Palm Industries Sdn. Bhd. Malaysia Tolling manufacturer by processing oil palm fresh fruit bunches into crude palm oil and palm kernel and investment holding - - 72.0 72.0 28.0 28.0 - -