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 Felda Engineering Services Sdn. Bhd. (continued) Felda Properties Sdn. Bhd. Malaysia Property development and management, project management for mining and logging activities and acting as manager in managing certain projects on behalf of FELDA - - 51.0 51.0 49.0 49.0 - - Subsidiaries of Felda Travel Sdn. Bhd. Plantation Resorts Sdn. Bhd. Malaysia Under liquidation - - 100.0 100.0 - - - - Subsidiary of FGV Research Sdn. Bhd. FGV Applied Technologies Sdn. Bhd. Malaysia Research and development of mechanisation, automation, milling, biomass, bio and oleochemicals and food technology - - 100.0 100.0 - - - - 121 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 Audited Financial Statements 2020