FGV Audited Financial Statements 2020

24 INVESTMENT IN SUBSIDIARIES (continued) (a) Details of subsidiaries are as follows: 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 2020 2019 2020 2019 2020 2019 2020 2019 % % % % % % % % Direct subsidiaries Felda Global Ventures Indonesia Sdn. Bhd. Malaysia Under liquidation 100.0 100.0 100.0 100.0 - - - - FGV Sugar Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - 100.0 100.0 Felda Global Ventures Perlis Sdn. Bhd. Malaysia Currently in process of annulment of winding up process 100.0 100.0 100.0 100.0 - - - - FGV Resources Sdn. Bhd. Malaysia Dormant 100.0 100.0 100.0 100.0 - - - - FGV USA Properties, Inc.* United States of America Operator of residential real estate in USA 100.0 100.0 100.0 100.0 - - - - MSM Malaysia Holdings Berhad Malaysia Investment holding 11.0 11.0 51.0 51.0 49.0 49.0 - - FGV Downstream Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - 100.0 100.0 FGV Plantations Sdn. Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - 100.0 100.0 103 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 Audited Financial Statements 2020