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SUSTAINABILITY EFFECTIVE CORPORATE FINANCIAL ADDITIONAL DETAILS OF THE ANNUAL
REPORT LEADERSHIP GOVERNANCE STATEMENTS INFORMATION GENERAL MEETING

NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 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 100 100 100 100 197
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
MSM Trading & Malaysia Dormant 100 100 100 100
Distribution Sdn Bhd MSM MALAYSIA HOLDINGS BERHAD Annual Report 2020

MSM Sugar Refinery Malaysia Sugar refining, sales 100 100 100 100
(Johor) Sdn Bhd and marketing of
refined sugar products
MSM Trading 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.