104 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: (continued) 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 % % % % % % % % Indirect subsidiaries (continued) Subsidiaries of FGV Downstream Sdn Bhd Felda Global Ventures Malaysia Investment holding – – 100.0 100.0 – – 100.0 100.0 North America Sdn Bhd FGV Biotechnologies Malaysia Processing and – – 100.0 100.0 – – – – Sdn Bhd sale of biodiesel products FGV Green Energy Malaysia Processing and – – 60.0 60.0 40.0 40.0 – – Sdn Bhd sale of biodiesel products Subsidiaries of Felda Global Ventures North America Sdn Bhd Twin Rivers United States Investment holding – – 100.0 100.0 – – – – Technologies of America Holdings, Inc. # Twin Rivers Technologies Canada Investment holding – – 100.0 100.0 – – – – Holdings-Enterprise De Transformation De Graines Oleagineuses Du Quebec Inc * Subsidiaries of Twin Rivers Technologies Holding, Inc. Twin Rivers Technologies United States Procurement, – – 100.0 100.0 – – – – Manufacturing of America processing and Corporation # supply of fatty acids TRT Europe GambH # Germany Dormant – – 100.0 100.0 – – – – Subsidiary of Twin Rivers Technologies Manufacturing Corporation Fore River Transportation United States Operation, – – 100.0 100.0 – – – – Corporation # of America management and maintenance of a railroad service
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