FGV Annual Report 2015

278 Notes to the Financial Statements For The Financial Year Ended 31 December 2015 Felda Global Ventures Holdings Berhad Annual Integrated Report 2015 22 INVESTMENT IN SUBSIDIARIES (CONTINUED) (c) Incorporation and acquisitions of subsidiaries in previous financial year (continued) Note 11 On 23 May 2014, FGV Cambodia, a subsidiary of FGV Investment, entered into a shareholders’ agreement with Co-Op Village Co. Ltd to establish FGV-CVC (Cambodia) Co., Ltd. (“FGV-CVC”). FGV-CVC was incorporated in Cambodia with an issued paid-up capital of KHR4,000,000,000 or approximately RM3,220,000, of which the Group owns 75% equity interest. Note 12 On 29 August 2014, the Company acquired a 100% equity interest in Laras Simfoni Sdn. Bhd. (“LSSB”), a company incorporated in Malaysia for a cash consideration of RM2. LSSB changed its name to FGV Green Energy Sdn. Bhd (“FGV Green Energy”) on 10 September 2014. This company shall bring together FGVD, M2 Capital Sdn. Bhd. (“M2”) and Benefuel International Holdings S.A.R.L. (“Benefuel”). Pursuant to a shareholder agreement dated 29 August 2014, FGVD holds 60% of FGV Green Energy. Note 13 On 18 September 2014, the Company acquired a 100% equity interest in Felda Global Ventures Rubber Sdn. Bhd. (“FGV Rubber”), a company incorporated in Malaysia for a cash consideration of RM2. Note 14 On 18 September 2014, the Company acquired a 100% equity interest in FGV R&D and Agri Services Sdn. Bhd. (“FGV R&D Agri”), a company incorporated in Malaysia for a cash consideration of RM2. Note 15 On 18 September 2014, FGV R&D Agri acquired a 100% equity interest in FGV Applied Technologies Sdn. Bhd. (“FGV Applied Technologies”), a company incorporated in Malaysia for a cash consideration of RM2. Note 16 On 18 September 2014, the Company acquired a 100% equity interest in FGV Trading Sdn. Bhd. (“FGV Trading”), a company incorporated in Malaysia for a cash consideration of RM2. Note 17 On 22 September 2014, MSM Malaysia Holdings Berhad (“MSM”), a subsidiary of the Company acquired a 100% equity interest in MSM Trading & Distribution Sdn. Bhd. (“MSM Trading”), a company incorporated in Malaysia for a cash consideration of RM2. Note 18 On 13 October 2014, the Company obtained control of Asian Plantations Limited (“APL”), a company incorporated in Singapore. The acquisition of 100% equity interest was completed on 31 October 2014 for a total cash consideration of RM568 million. Refer b(iii) for the effects of the acquisition of APL. Note 19 On 24 December 2014, FGV Rubber had acquired the entire issued and paid-up share capital of FGV Green Rubber Sdn. Bhd. (“FGV Green Rubber”), a company incorporated in Malaysia for a cash consideration of RM2.