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 Integrated Farming Holdings Sdn. Bhd. Malaysia Investment holding company 100.0 100.0 100.0 100.0 - - - - Indirect subsidiaries Subsidiaries of MSM Malaysia Holdings Berhad MSM Prai Berhad Malaysia Sugar refining, sales and marketing of sugar products and investment holding - - 51.0 51.0 49.0 49.0 - - MSM Perlis Sdn. Bhd. Malaysia Raw sugar refining, rubber and oil palm plantations - - 51.0 51.0 49.0 49.0 - - MSM Trading & Distribution Sdn. Bhd. Malaysia Buy and sell commodity products - - 51.0 51.0 49.0 49.0 - - 105 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 Audited Financial Statements 2020