108 / 178
106
GHL Systems Berhad
(293040-D)
Annual report 2015
Notes to the Financial Statements
31 December 2015 (continued)
10. INVESTMENTS IN SUBSIDIARIES (continued)
(a) The details of the subsidiaries are as follows (continued):
Effective
Country of
interest in equity
Name of company
incorporation 2015 2014 Principal activities
% %
Subsidiaries of GHL
ePayments Sdn. Bhd.
GHL ePayments Co. Ltd
Thailand 99.99 99.99 Dormant.
GHL ePayments Philippines,
Inc.
Philippines
99.99 99.99 Dormant.
Subsidiaries of e-pay Asia
Pty. Ltd.
SkyNetGlobal (South-East-
Asia) Pte. Ltd.
Singapore
-
79.00 It was a dormant and has been
liquidated during the financial year.
Subsidiary of GHL Systems
Philippines, Inc.
Pinoytek Solusyen, Inc. @ Philippines
40.00 40.00 Dormant.
Subsidiary of GHL (Thailand)
Co., Ltd.
Conscious Object
Development Co. Ltd.
Thailand 95.45 95.45 Dormant.
Subsidiaries of EPY Capital
Holdings Limited
e-pay (M) Sdn. Bhd.
#
Malaysia 100.00 100.00 Sales and solution provision of
vouchers bearing prepaid airtime
personal identification numbers
(PINS) and on-line top-ups for various
prepaid services in Malaysia and
investment holding.
PT e-pay Indonesia *
Indonesia 21.20 21.20 Dormant.