MSM Malaysia Holdings Berhad Annual Report 2020

20 INVESTMENTS IN SUBSIDIARIES (CONTINUED) Details of subsidiaries, are as follows: Place of business/ Proportion of Proportion of country of Nature of ordinary shares ordinary shares Name of subsidiaries incorporation business directly held by parent held by the Group 2020 2019 2020 2019 % % % % Direct subsidiaries MSM Prai Berhad Malaysia Sugar refining, sales 100 100 100 100 and marketing of refined sugar products MSM Perlis Sdn Bhd Malaysia Sugar refining, sales 100 100 100 100 and marketing of refined sugar products and planting of rubber, oil palm and mango MSMTrading & Malaysia Dormant 100 100 100 100 Distribution Sdn Bhd MSM Sugar Refinery Malaysia Sugar refining, sales 100 100 100 100 (Johor) Sdn Bhd and marketing of refined sugar products MSMTrading United Arab Raw and refined sugar 100 100 100 100 International DMCC* Emirates trading Indirect subsidiary MSM Logistics Malaysia Provision of - - 100 100 Sdn Bhd transportation services *Not audited by PricewaterhouseCoopers, Malaysia or its affiliates. MSM MALAYSIA HOLDINGS BERHAD Annual Repor t 2020 197 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2020 SUSTAINABILITY REPORT EFFECTIVE LEADERSHIP CORPORATE GOVERNANCE FINANCIAL STATEMENTS ADDITIONAL INFORMATION DETAILS OF THE ANNUAL GENERAL MEETING