GHL System Berhad Annual Report 2019

G H L S Y S T E M S B E R H A D 1 9 9 4 0 1 0 0 7 3 6 1 ( 2 9 3 0 4 0 - D ) 120 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2019 CONT’D 16. INVESTMENTS IN SUBSIDIARIES (cont’d) (d) The details of the subsidiaries are as follows (cont’d): Name of company Country of incorporation/ Principal place of business Effective interest in equity Principal activities 2019 2018 % % GHL International Sdn. Bhd. # Malaysia 100.00 100.00 Dormant. GHL Asia Pacific Limited # Labuan, Malaysia 100.00 100.00 Investment holding. GHL Global Sdn. Bhd. # Malaysia 100.00 100.00 Develop and sale of Net.Point software solution, software programmes and other related products and services. 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. 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.