113 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 Felda Engineering Services Sdn Bhd (continued) Felda Properties Sdn Bhd Malaysia Property – – 51.0 51.0 49.0 49.0 – – development and management, project management for mining and logging activities and acting as manager in managing certain projects on behalf of FELDA Subsidiaries of Felda Travel Sdn Bhd Plantation Resorts Malaysia Under liquidation – – 100.0 100.0 – – – – Sdn Bhd Subsidiary of FGV Research Sdn Bhd FGV Applied Malaysia Research and – – 100.0 100.0 – – – – Technologies Sdn Bhd development of mechanisation, automation, milling, biomass, bio and oleo chemicals and food technology Subsidiaries of FGV Integrated Farming Holdings Sdn Bhd FGV Dairy Farm Sdn Bhd Malaysia Engaged in the – – 60.0 60.0 40.0 40.0 – – business breeding calves for producing milk, genetic improvement, supplying genetic materials and other related services
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