FGV Annual Report 2015

261 WHO WE ARE & WHAT WE DO OUR STRATEGIC INTENT & PERFORMANCE HOWWE ARE GOVERNED CREATING SUSTAINABLE VALUE OUR NUMBERS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING Notes to the Financial Statements For The Financial Year Ended 31 December 2015 ADDRESSING OUR RISKS & OPPORTUNITIES Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 22 INVESTMENT IN SUBSIDIARIES (CONTINUED) (a) Details of subsidiaries are as follows: (continued) 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 2015 2014 2015 2014 2015 2014 2015 2014 % % % % % % % % Indirect subsidiaries (continued) Subsidiaries of MSM Malaysia Holdings Berhad (continued) MSM Perlis Sendirian Berhad (previously known as Kilang Gula Felda Perlis Sendirian Berhad) Malaysia Sugar refining, sales and marketing of refined sugar product and planting of rubber and oil palm - - 51.0 51.0 49.0 49.0 - - MSM Trading & Distribution Sdn. Bhd. (Note 17) Malaysia Conduct commodity trading and related business activities - - 51.0 51.0 49.0 49.0 - - MSM Sugar Refinery (Johor) Sdn. Bhd. (Note 4) Malaysia Carry on business in sugar products and by-products - - 51.0 - 49.0 - - - MSM Trading International DMCC (Note 5) United Arab Emirates Raw and refined sugar trading - - 51.0 - 49.0 - - - Subsidiary of MSM Prai Berhad (previously known as Malayan Sugar Manufacturing Company Berhad) MSM Logistics Sdn. Bhd. (previously known as Astakonas Sdn. Bhd.) Malaysia Provision of lorry transportation services - - 51.0 51.0 49.0 49.0 - - Subsidiaries of Felda Global Ventures Downstream Sdn. Bhd. Felda Global Ventures North America Sdn. Bhd. Malaysia Investment holding - - 100.0 100.0 - - 100.0 100.0