FGV Audited Financial Statements 2019

144 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 Bulkers Sdn. Bhd. FGV Grains Terminal Sdn. Bhd. Malaysia Handling storage transportation, mixing and blending of palm kernel and grains - - 70.3 70.3 29.7 29.7 - - Subsidiaries of Felda Engineering Services Sdn. Bhd. Allied Engineering Consultancy Services Sdn. Bhd. * Malaysia Provision of engineering consultancy services - - 51.0 51.0 49.0 49.0 - - Felda Properties Sdn. Bhd. Malaysia Property development and management, project management and property management of FELDA projects - - 51.0 51.0 49.0 49.0 - -