FGV Annual Report 2014

22 Investment in Subsidiaries (continued) (a) Details of subsidiaries are as follows: Name of subsidiary Place of business/ country of incorporation Nature of business Proportion of ordinary shares directly held by FGVH Proportion of ordinary shares held by the Group Proportion of ordinary shares held by non- controlling interests Proportion of RCPS/ RCCPS held by the Group 2014 % 2013 % 2014 % 2013 % 2014 % 2013 % 2014 % 2013 % DIRECT SUBSIDIARIES Felda Global Ventures Indonesia Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 – – – – Felda Global Ventures Sugar Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 – – 100.0 100.0 Felda Global Ventures Perlis Sdn. Bhd. Malaysia Dormant 100.0 100.0 100.0 100.0 – – – – Felda Global Ventures India Sdn. Bhd. Malaysia Dormant 100.0 100.0 100.0 100.0 – – – – FGV USA Properties, Inc* United States of America Operator of residential real estate in USA 100.0 100.0 100.0 100.0 – – – – Felda Global Ventures Livestock Sdn. Bhd. Malaysia Dormant 100.0 100.0 100.0 100.0 – – – – MSM Malaysia Holdings Berhad Malaysia Investment holding 11.0 11.0 51.0 51.0 49.0 49.0 – – Felda Global Ventures Downstream Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 – – 100.0 100.0 Felda Global Ventures Plantations Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 – – 100.0 100.0 Felda Global Ventures Shared Service Centre Sdn. Bhd. Malaysia Provision of shared services 100.0 100.0 100.0 100.0 – – – – Felda Global Ventures Research & Development Sdn. Bhd. Malaysia Research and development 100.0 100.0 100.0 100.0 – – – – Felda Global Ventures Capital Sdn. Bhd. (Note 14) Malaysia Carry on and undertake the business of all kinds of treasury services 100.0 100.0 100.0 100.0 – – – – FGV Investment (L) Pte Ltd (Note 15) Malaysia Investment holding 100.0 100.0 100.0 100.0 – – – – Pontian United Plantations Berhad (Note 17) Malaysia Investment holding and cultivation of oil palm 100.0 100.0 100.0 100.0 – – – – Felda Holdings Bhd. (Note 18) Malaysia Investment holding 100.0 100.0 100.0 100.0 – – – – Felda Global Ventures Holdings Berhad pg 238 NOTES TO THE FINANCIAL STATEMENTS For The Financial Year Ended 31 December 2014