111 AUDITED FINANCIAL STATEMENTS 2021 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 Palm Industries Sdn Bhd (continued) FGV Kernel Products Malaysia Buying and – – 60.0 60.0 40.0 40.0 – – Sdn Bhd processing oil palm kernels, refined palm oil products and selling its products Delima Oil Products Malaysia Manufacture of – – 72.0 72.0 28.0 28.0 – – Sdn Bhd other food products N.E.C, wholesale of paddy, rice, flour, other grains and sugar and export and import of other foodstuffs FGV Marketing Services Malaysia Marketing of – – 36.7 36.7 63.3 63.3 – – Sdn Bhd FGV Holdings Berhad group of companies’ commodity products FNI Biofuel Sdn Bhd * Malaysia Manufacturing of – – 72.0 72.0 28.0 28.0 – – biomass fuel from empty fruit bunch Subsidiary of FGV Refineries Sdn Bhd F.S. Oils Sdn Bhd * Malaysia Dissolved – – – 48.0 52.0 52.0 – – (Note 3) Subsidiary of FGV Marketing Services Sdn Bhd PT. Cashgrow Indonesia Commodity trading – – 34.9 34.9 65.1 65.1 – – Ventures # Subsidiaries of FGV Rubber Industries Sdn Bhd Feltex Co. Ltd. * Thailand Processing and – – 36.4 36.4 63.6 63.6 – – marketing of latex concentrate P.T. Felda Indo Rubber * Indonesia Under liquidation – – 50.0 50.0 50.0 50.0 – –
RkJQdWJsaXNoZXIy NDgzMzc=