FGV Annual Report 2013

Felda Global Ventures Holdings Berhad 244 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2013 22 INVESTMENT IN SUBSIDIARIES (Cont’d.) (a) Details of subsidiaries are as follows: (Cont’d.) Proportion Proportion Proportion of ordinary Proportion Place of of ordinary of ordinary shares of RCPS/ business/ shares shares held by non- RCCPS country of Nature of directly held held by controlling held by Name of subsidiary incorporation business by FGVH the Group interests the Group 2013 2012 2013 2012 2013 2012 2013 2012 % % % % % % % % Indirect subsidiaries Subsidiaries of MSM Malaysia Holdings Berhad Malayan Sugar Manufacturing Malaysia Sugar refining, sales and - - 51.0 51.0 49.0 49.0 - - Company Berhad marketing of refined sugar product Kilang Gula Felda Perlis Sendirian Malaysia Sugar refining, sales and - - 51.0 51.0 49.0 49.0 - - Berhad marketing of refined sugar product and planting of rubber and oil palm Astakonas Sdn. Bhd. Malaysia Provision of lorry - - 51.0 51.0 49.0 49.0 - - transportation services MSM Properties Sdn. Bhd.* Malaysia Under liquidation - - 51.0 51.0 49.0 49.0 - - Subsidiary of Felda Global Ventures Downstream Sdn. Bhd. Felda Global Ventures Malaysia Investment holding - - 100.0 100.0 - - 100.0 100.0 North America Sdn. Bhd.© FGV Biotechnologies Sdn. Bhd.^ Malaysia Processing and sale of - - 100.0 - - - - - biodiesel products Subsidiaries of Felda Global Ventures North America Sdn. Bhd. Twin Rivers Technologies Holdings, United States Investment holding - - 100.0 100.0 - - - - Inc.* ® ¥ of America Twin Rivers Technologies Holdings Canada Investment holding - - 100.0 100.0 - - - - Enterprise De Transformation De Graines Oleagineuses Du Quebec Inc * Subsidiaries of Twin Rivers Technologies Holding, Inc. Twin Rivers Technologies United States Procurement, processing - - 100.0 100.0 - - - - Manufacturing Corporation* of America and supply of fatty acids