GHL System Berhad Annual Report 2018

a n n u a l r e p o r t 2 0 1 8 101 NOT ES TO THE F I NANC I A L STAT EMENTS 3 1 D e c e m b e r 2 0 1 8 C O N T ’ D 15. INVESTMENTS IN SUBSIDIARIES (cont’d) (e) The details of the subsidiaries are as follows (cont’d): Name of company Country of incorporation Effective interest in equity Principal activities 2018 2017 % % GHL Loyalty Sdn. Bhd. # Malaysia 100.00 100.00 Dormant. GHL BPO1 Sdn. Bhd. # Malaysia 100.00 100.00 Provides card-related outsourcing services for all business processes, sub-processes, transactions, activities and all other card related works performed by business in various industries. GHL ePayments Sdn. Bhd. # Malaysia 100.00 100.00 Provides electronic payment services and online and mobile merchant acquisition as well as other related activities. GHL Payment Services Sdn. Bhd. # Malaysia 100.00 100.00 Dormant. 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. Spotpay Indonesia ^ Indonesia - 1.00 Dormant. EPY Capital Holdings Limited British Virgin Islands 100.00 100.00 Investment holding. Mobiepay Sdn. Bhd. # Malaysia 100.00 100.00 Engaged in the business of developing and selling software. Sentripay Sdn. Bhd. # Malaysia 100.00 100.00 Developing and selling software. S Capital Sdn. Bhd. # Malaysia 100.00 100.00 Investment holding. Subsidiaries of GHL Asia Pacific Limited GHL Systems Philippines, Inc. # Philippines 99.99 99.99 Provision of end-to-end payment services and solutions through the deployment of payment infrastructure, technology and services. GHL Systems Australia Pty. Ltd. Australia 100.00 100.00 Sales of hardware, software and professional services