FGV Annual Report 2015

291 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 24 INTERESTS IN JOINT VENTURES (CONTINUED) Summarised financial information for joint ventures (continued) (i) Refining, processing and packing of palm oil based products (ii) Production of tocotrienol from refined bleached palm oil (iii) Dormant (iv) Oil palm plantation operation (v) Processing and selling of oleochemical products (vi) Investment holding (vii) Manufacturing and marketing of finished customer and industrial palm oil products (viii) Futures trading (ix) Developing, constructing, operating and maintaining power plant (x) Dormant (xi) Development, construction, fabrication and operation of a biomass conversion plant (xii) Aggregation of biomass, identification of the technology to convert palm-based biomass into High Value Green Chemicals/Products and commercialisation of the technologies (xiii) Technical advisory services in agriculture sector (xiv) Rubber and oil palm plantation and sale of rubber and oil palm products  ^ On 28 January 2015, Felda Global Ventures Downstream Sdn. Bhd. (“FGVD”), a wholly owned subsidiary of the Company has exercised its option to purchase 20% of the issued and paid-up share capital of FGV Lipid Venture Sdn. Bhd. (“FGV Lipid”) from Lipid Venture Sdn. Bhd. (“LVSB”) by way of a Supplemental Agreement dated 28 January 2015 to the Joint Venture and Shareholders’ Agreement between FGVD and LVSB dated 13 November 2013. Pursuant thereto, FGVD has raised its shareholdings in FGV Lipid from current 40% to 60% which resulted in FGV Lipid becoming a subsidiary of FGVD. α The Group treated these entities as joint ventures as the shareholder agreements require unanimous consent over decisions about relevant activities among the partners. The joint venture companies above are private companies and have no quoted market price available for their shares. There are no material contingent liabilities relating to the Group’s interest in the joint ventures.