102 FGV HOLDINGS BERHAD NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021 24 INVESTMENT IN SUBSIDIARIES (CONTINUED) (a) Details of subsidiaries are as follows: Place of business/ Proportion of Name of country of Nature of Proportion of ordinary shares Proportion of ordinary ordinary shares held by Proportion of RCPS/ subsidiary incorporation business directly held by FGVH shares held by the Group non-controlling interests RCCPS held by the Group 2021 2020 2021 2020 2021 2020 2021 2020 % % % % % % % % Direct subsidiaries Felda Global Ventures Malaysia Dissolved – 100.0 – 100.0 – – – – Indonesia Sdn Bhd (Note 2) FGV Sugar Sdn Bhd Malaysia Investment holding 100.0 100.0 100.0 100.0 – – 100.0 100.0 Felda Global Ventures Malaysia Currently in process 100.0 100.0 100.0 100.0 – – – – Perlis Sdn Bhd of annulment of winding up process FGV Resources Malaysia Dormant 100.0 100.0 100.0 100.0 – – – – Sdn Bhd FGV USA Properties, United States Operator of 100.0 100.0 100.0 100.0 – – – – Inc.* of America residential real estate in USA MSM Malaysia Malaysia Investment holding 11.0 11.0 51.0 51.0 49.0 49.0 – – Holdings Berhad FGV Downstream Malaysia Investment holding 100.0 100.0 100.0 100.0 – – 100.0 100.0 Sdn Bhd FGV Plantations Malaysia Investment holding 100.0 100.0 100.0 100.0 – – 100.0 100.0 Sdn Bhd FGV Shared Service Malaysia Provide transactional 100.0 100.0 100.0 100.0 – – – – Centre Sdn Bhd processing activities for Finance and Human Resources functions of FGV Holdings Berhad Group of companies FGV R&D Sdn Bhd Malaysia Research and 100.0 100.0 100.0 100.0 – – – – development FGV Capital Sdn Bhd Malaysia Undertake the 100.0 100.0 100.0 100.0 – – – – business of all kinds of treasury services FGV Investment (L) Malaysia Investment holding 100.0 100.0 100.0 100.0 – – – – Pte Ltd and investment management Pontian United Malaysia Investment holding, 100.0 100.0 100.0 100.0 – – – – Plantations Berhad provision of management services, cultivation of oil palm and sales of fresh fruit bunches
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