FGV Annual Report 2018

NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2018 238 FGV HOLDINGS BERHAD 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 % Indirect subsidiaries (continued) Subsidiary of MSM Prai Berhad MSM Logistics Sdn. Bhd. Malaysia Provision of lorry transportation services - - - 51.0 51.0 51.0 49.0 49.0 49.0 - - - Subsidiaries of FGV Downstream Sdn. Bhd. (formerly known as Felda Global Ventures Downstream Sdn. Bhd.) Felda Global Ventures North America Sdn. Bhd. Malaysia Investment holding - - - 100.0 100.0 100.0 - - - 100.0 100.0 100.0 FGV Biotechnologies Sdn. Bhd. Malaysia Processing and sale of biodiesel products - - - 100.0 100.0 100.0 - - - - - - FGV Cambridge Nanosystems Limited * United Kingdom Production, manufacturing, biodiesel marketing, selling and/or trading of high grade carbon nanotubes and graphene - - - 70.0 70.0 70.0 30.0 30.0 30.0 - - - FGV Green Energy Sdn. Bhd. Malaysia Producing and manufacturing biodiesel - - - 60.0 60.0 60.0 40.0 40.0 40.0 - - - FGV Lipid Venture Sdn. Bhd. Malaysia Producing of tocotrienol from refined bleached palm oil - - - 60.0 60.0 60.0 40.0 40.0 40.0 - - -