FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 237 01 02 05 03 07 06 04 08 09 ANNUAL INTEGRATED REPORT 2018 EXAMINED OUR NUMBERS 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 31.12. 2018 % 31.12. 2017 % 1.1. 2017 % 31.12. 2018 % 31.12. 2017 % 1.1. 2017 % 31.12. 2018 % 31.12. 2017 % 1.1. 2017 % 31.12. 2018 % 31.12. 2017 % 1.1. 2017 % Direct subsidiaries (continued) Felda Global Ventures Rubber Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 100.0 100.0 - - - - - - FGV Trading Sdn. Bhd. Malaysia Commodity trading 100.0 100.0 100.0 100.0 100.0 100.0 - - - - - - FGV China Oils Ltd. # China Refining of palm oil 100.0 100.0 100.0 100.0 100.0 100.0 - - - - - - FGV Leads Sdn. Bhd. (Note 6) Malaysia Dormant 100.0 100.0 - 100.0 100.0 - - - - - - - Indirect subsidiaries Subsidiaries of MSM Malaysia Holding Berhad MSM Prai Berhad Malaysia Sugar refining, sales and marketing of refined sugar product - - - 51.0 51.0 51.0 49.0 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 51.0 49.0 49.0 49.0 - - - MSM Trading & Distribution Sdn. Bhd. Malaysia Conduct commodity trading and related business activities - - - 51.0 51.0 51.0 49.0 49.0 49.0 - - - MSM Sugar Refinery (Johor) Sdn. Bhd. Malaysia Carry on business in sugar products and by-products - - - 51.0 51.0 51.0 49.0 49.0 49.0 - - - MSM Trading International DMCC # United Arab Emirates Raw and refined sugar trading - - - 51.0 51.0 51.0 49.0 49.0 49.0 - - -