FGV Annual Report 2017

FELDA GLOBAL VENTURES HOLDINGS BERHAD FINANCIAL STATEMENTS 220 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2017 21 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 2017 % 2016 % 2017 % 2016 % 2017 % 2016 % 2017 % 2016 % 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 Sdn. Bhd. 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 - - 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. Malaysia Carry on business in sugar products and by-products - - 51.0 51.0 49.0 49.0 - - MSM Trading International DMCC United Arab Emirates Raw and refined sugar trading - - 51.0 51.0 49.0 49.0 - -