GHL System Berhad Annual Report 2018

G H L S y s t e m S B e r h a d ( 2 9 3 0 4 0 - D ) 102 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 % % Subsidiaries of GHL Asia Pacific Limited (cont’d) GHL (Thailand) Co., Ltd. # Thailand 97.74 97.74 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. PT. Spotpay Indonesia ^ Indonesia - 99.00 ^ Dormant. GHL Myanmar Limited Ω Myanmar 100.00 - 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 Dormant. GHL ePayments Pte. Ltd. Singapore 100.00 100.00 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 Dormant. Subsidiaries of Mobiepay Sdn. Bhd. Pay Here Sdn. Bhd. # Malaysia 100.00 100.00 Engaged in the business of developing and selling software.