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 Dairy Farm Sdn. Bhd. Bright Cow Industries Sdn. Bhd. (Note 1) Malaysia Manufacturing and trading of dairy products - - 60.0 - 40.0 - - - Subsidiary of FGV Trading Sdn. Bhd. FGV-PU India Pte. Ltd. (Note 2) India Sale regional office including market intelligence and business development work for India market - - 70.0 - 30.0 - - - The proportion of voting rights in the subsidiary undertakings held directly by the parent company do not differ from the proportion of ordinary shares held. * Audited by firms other than member firms of PricewaterhouseCoopers International Limited # Audited by member firms of PricewaterhouseCoopers International Limited, which are separate and independent legal entities from PricewaterhouseCoopers, Malaysia @ 30% equity stake in Sabahanya Plantations Sdn. Bhd. is held in trust for the beneficial interest of the Group. 123 Notes to the Financial Statements For The Financial Year Ended 31 December 2020 Audited Financial Statements 2020