FGV Audited Financial Statements 2019

142 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) Subsidiary of FGV Marketing Services Sdn. Bhd. PT. Cashgrow Ventures # Indonesia Commodity trading - - 34.9 34.9 65.1 65.1 - - Subsidiaries of FGV Rubber Industries Sdn. Bhd. Feltex Co. Ltd. * Thailand Processing and marketing of latex concentrate - - 36.4 36.4 63.6 63.6 - - P.T. Felda Indo Rubber * Indonesia Processing and marketing of latex - - 50.0 50.0 50.0 50.0 - -