GHL System Berhad Annual Report 2017

ANNUAL REPORT 2017 95 NOTES TO THE FINANCIAL STATEMENTS 31 December 2017 CONT’D 14. INVESTMENTS IN SUBSIDIARIES (cont’d) (d) The details of the subsidiaries are as follows: (cont’d) Name of company Country of incorporation Effective interest in equity Principal activities 2017 2016 % % GHL (Thailand) Co., Ltd. Thailand 97.74 95.45 Sales, maintenance, installation and rental of card and non- card based payment processing systems and services, and relevant infrastructure including hardware and software for all kinds of payment solution systems. Subsidiaries of GHL Asia Pacific Limited (cont’d) PT. Spotpay Indonesia ^ Indonesia 99.00 99.00 Dormant. Subsidiaries of GHL ePayments Sdn. Bhd. GHL ePayments Co. Ltd. Thailand 99.99 99.99 Sales, maintenance, installation, and rental of card and non-card based payment processing systems including hardware and software for all kinds of payment solution systems. GHL ePayments Philippines, Inc. Philippines 99.99 99.99 Dormant. GHL ePayments Pte. Ltd. : Singapore 100.00 - Dormant. Subsidiaries of EPY Capital Holdings Limited PT e-pay Indonesia * Indonesia 21.20 21.20 Dormant. Subsidiaries of e-pay (M) Sdn. Bhd. PT e-pay Indonesia * Indonesia 78.80 78.80 Dormant. e-pay Thailand Co. Limited @ Thailand 49.50 49.50 Dormant. Subsidiaries of Mobiepay Sdn. Bhd. Pay Here Sdn. Bhd. # Malaysia 100.00 100.00 Engaged in the business of developing and selling software. PT Pembayaran Elektronik Indonesia Indonesia 100.00 100.00 Engaged in the business of developing and selling software.