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 % % % % % % % % Indirect subsidiaries (continued) Subsidiaries of MSM Malaysia Holdings Berhad (continued) MSM Sugar Refinery (Johor) Sdn. Bhd. Malaysia Carry on business in sugar product and by-product and to import raw sugar and others for milling and refining of sugar - - 51.0 51.0 49.0 49.0 - - MSM Trading International DMCC # United Arab Emirates Under liquidation - - 51.0 51.0 49.0 49.0 - - Subsidiary of MSM Prai Berhad MSM Logistics Sdn. Bhd. Malaysia Provision of transportation services - - 51.00 51.00 49.0 49.0 - - Subsidiaries of FGV Downstream Sdn. Bhd. Felda Global Ventures North America Sdn. Bhd. Malaysia Investment holding - - 100.0 100.0 - - 100.0 100.0 FGV Biotechnologies Sdn. Bhd. Malaysia Processing and sale of biodiesel products - - 100.0 100.0 - - - - 106 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020