Fraser & Neave Holdings Bhd Annual Report 2021

8. INVESTMENTS IN SUBSIDIARIES #CONTINUED$ Name of company Country of incorporation and place of business Principal activities E'ective ownership and voting interest (%) 2021 2020 Subsidiary of F&N Beverages Manufacturing Sdn Bhd Borneo Springs Sdn Bhd Malaysia Manufacturing and sale of mineral water, drinking water and rental of dispensers 100 100 Subsidiary of Fraser & Neave (Malaya) Sdn Bhd Fraser and Neave MENA DWC-LLC (ii) United Arab Emirates Trading of food & beverages and dairy products 100 100 Subsidiaries of Awana Citra Sdn Bhd Sri Nona Food Industries Sdn Bhd Malaysia Manufacturing and sale of food products 100 – Sri Nona Industries Sdn Bhd Malaysia Sale and distribution of food products 100 – Lee Shun Hing Sauce Industries Sdn Bhd Malaysia Sale and distribution of food products 100 – (i) Audited by other member firms of KPMG PLT. (ii) Not audited by KPMG PLT. The Group concluded that Lettricia Corporation Sdn Bhd, the subsidiary with non-controlling interest, is not material to the Group. 9. INVESTMENT IN AN ASSOCIATE Group Company 2021 RM’000 2020 RM’000 2021 RM’000 2020 RM’000 At cost Quoted shares 68,727 68,727 68,727 68,727 Share of post-acquisition reserves 78,743 73,119 – – Dividends received (61,783) (50,585) – – 85,687 91,261 68,727 68,727 Group and Company 2021 RM’000 2020 RM’000 Market value Quoted shares 120,068 107,626 204 NOTES TO THE F INANCIAL STATEMENTS