FGV Annual Report 2016

FELDA GLOBAL VENTURES HOLDINGS BERHAD 262 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 Asian Plantations (Sarawak) Sdn. Bhd. BJ Corporation Sdn. Bhd. Malaysia Oil-palm plantation - - 100.0 100.0 - - - - Incosetia Sdn. Bhd. Malaysia Oil-palm plantation - - 100.0 100.0 - - - - Fortune Plantation Sdn. Bhd. Malaysia Oil-palm plantation - - 100.0 100.0 - - - - Asian Plantations Milling Sdn. Bhd. Malaysia Oil-palm milling - - 100.0 100.0 - - - - Subsidiary of Incosetia Sdn. Bhd. South Asian Farms Sdn. Bhd. Malaysia Dormant - - 100.0 100.0 - - - - Subsidiaries of Asian Plantations (Sarawak) II Sdn. Bhd. Kronos Plantation Sdn. Bhd. Malaysia Oil-palm plantation - - 100.0 100.0 - - - - Grand Performance Sdn. Bhd. Malaysia Oil-palm plantation - - 100.0 100.0 - - - - Subsidiary of Asian Plantations Sarawak III Sdn. Bhd. Jubilant Paradise Sdn. Bhd. Malaysia Oil-palm plantation - - 60.0 60.0 40.0 40.0 - - The proportion of voting rights in the subsidiary undertakings held directly by the parent company do not differ from the proportion of ordinary shares held.