FGV Audited Financial Statements 2019

137 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 Felda Holdings Bhd. (continued) FGV Agri Services Sdn. Bhd. Malaysia Production and sale of palm oil, cocoa, rat poison, fertilisers and oil palm seeds and provision of agricultural research services - - 76.9 76.9 23.1 23.1 - - Felda Travel Sdn. Bhd. Malaysia Travel and tour agent - - 100.0 100.0 - - 100.0 100.0 Malaysia Cocoa Manufacturing Sdn. Bhd. Malaysia Ceased operations in 2016 - - 100.0 100.0 - - - - FGV Fertiliser Sdn. Bhd. Malaysia Manufacturing and selling of granulated compound fertilisers - - 100.0 100.0 - - - -