FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 250 FINANCIAL REPORT NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016 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 2016 % 2015 % 2016 % 2015 % 2016 % 2015 % 2016 % 2015 % Direct subsidiaries (continued) FGV Investment (L) Pte Ltd Malaysia Investment holding 100.0 100.0 100.0 100.0 - - - - Pontian United Plantations Berhad Malaysia Investment holding and cultivation of oil palm 100.0 100.0 100.0 100.0 - - - - Felda Holdings Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - - - FGV R&D and Agri Services Sdn. Bhd. Malaysia Investment holding company, research and development, technical services and product development 100.0 100.0 100.0 100.0 - - - - Felda Global Ventures Rubber Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - - - FGV Trading Sdn. Bhd. Malaysia Commodity trading 100.0 100.0 100.0 100.0 - - - - Asian Plantations Limited Singapore Investment holding 100.0 100.0 100.0 100.0 - - - - FGV China Oils Ltd (previously known as Felda Iffco South China Ltd) # (Note 9) China Refining of palm oil 100.0 100.0 100.0 100.0 - - - - Indirect subsidiaries Subsidiaries of MSM Malaysia Holdings Berhad MSM Prai Berhad Malaysia Sugar refining, sales and marketing of refined sugar product - - 51.0 51.0 49.0 49.0 - - MSM 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 - -