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 FGV Palm Industries Sdn. Bhd. (continued) FGV Kernel Products Sdn. Bhd. Malaysia Buying and processing oil palm kernels, refined palm oil products and selling its products - - 60.0 60.0 40.0 40.0 - - Delima Oil Products Sdn. Bhd. Malaysia Processing and packaging of palm oil based products - - 72.0 72.0 28.0 28.0 - - FGV Marketing Services Sdn. Bhd. Malaysia Marketing of FGV Holdings Berhad (“FGVH”) group of companies’ commodity products - - 36.7 36.7 63.3 63.3 - - FNI Biofuel Sdn. Bhd. * Malaysia Manufacturing of biomass fuel from empty fruit bunch - - 72.0 72.0 28.0 28.0 - - Subsidiary of FGV Refineries Sdn. Bhd. F.S. Oils Sdn. Bhd. * Malaysia Under liquidation - - 48.0 48.0 52.0 52.0 - - 118 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020