FGV Audited Financial Statements 2020

24 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 2020 2019 2020 2019 2020 2019 2020 2019 % % % % % % % % Direct subsidiaries (continued) FGV Shared Service Centre Sdn. Bhd. Malaysia Provide transactional processing activities for finance and human resources function of FGV Holdings Berhad Group of companies 100.0 100.0 100.0 100.0 - - - - FGV R&D Sdn. Bhd. Malaysia Research and development 100.0 100.0 100.0 100.0 - - - - FGV Capital Sdn. Bhd. Malaysia Undertake the business of all kinds of treasury services 100.0 100.0 100.0 100.0 - - - - FGV Investment (L) Pte. Ltd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - - - Pontian United Plantations Berhad Malaysia Investment holding and cultivation of oil palm 100.0 100.0 100.0 100.0 - - - - Felda Holdings Bhd. Malaysia Investment holding 100.0 100.0 100.0 100.0 - - - - FGV Research Sdn. Bhd. Malaysia Investment holding company 100.0 100.0 100.0 100.0 - - - - 104 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020