FGV Annual Report 2016

ANNUAL INTEGRATED REPORT 2016 251 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 % Indirect subsidiaries (continued) Subsidiaries of MSM Malaysia Holdings Berhad (continued) MSM Trading & Distribution Sdn. Bhd. Malaysia Conduct commodity trading and related business activities - - 51.0 51.0 49.0 49.0 - - MSM Sugar Refinery (Johor) Sdn. Bhd. (Note 10) Malaysia Carry on business in sugar products and by-products - - 51.0 51.0 49.0 49.0 - - MSM Trading International DMCC (Note 11) United Arab Emirates Raw and refined sugar trading - - 51.0 51.0 49.0 49.0 - - Subsidiary of MSM Prai Berhad MSM Logistics 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 FGV Biotechnologies Sdn. Bhd. Malaysia Processing and sale of biodiesel products - - 100.0 100.0 - - - -