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 Integrated Farming Holdings Sdn. Bhd. FGV Dairy Farm Sdn. Bhd. (Note 1) Malaysia Engaged in the business calves for producing milk, genetic improvement, supplying genetic materials and other related services - - 60.0 - 40.0 - - - FGV Agro Fresh Technology Sdn. Bhd. (formerly known as Agro Fresh Technology Group Sdn. Bhd.) (Note 3) Malaysia Retail sale of any kind of product over the internet, wholesale of other foodstuffs, wholesale of meat, fish, fruits and vegetables N.E.C - - 52.0 - 48.0 - - 122 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 FGV HOLDINGS BERHAD Audited Financial Statement 2020