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) Subsidiary of FGV Marketing Services Sdn. Bhd. PT. Cashgrow Ventures # Indonesia Commodity trading - - 34.9 34.9 65.1 65.1 - - Subsidiaries of FGV Rubber Industries Sdn. Bhd. Feltex Co. Ltd. * Thailand Processing and marketing of latex concentrate - - 36.4 36.4 63.6 63.6 - - P.T. Felda Indo Rubber * Indonesia Under liquidation - - 50.0 50.0 50.0 50.0 - - Subsidiaries of FGV Johore Bulkers Sdn. Bhd. FGV Bulkers Sdn. Bhd. Malaysia Storing and handling export of palm oil, oleochemical products, latex concentrate and SMR - - 86.3 86.3 13.7 13.7 - - P.T. Patisindo Sawit * Indonesia Storing and handling export of vegetable oil - - 72.7 72.7 27.3 27.3 - - 119 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 Audited Financial Statements 2020