GHL System Berhad Annual Report 2019

A N N U A L R E P O R T 2 0 1 9 121 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 % % 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. 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 and involved in business of money lending services. GHL Myanmar Limited Myanmar 100.00 100.00 Dormant. Speed Pay Plc. ^ Cambodia 51.00 - Engaged in the business of providing money transfer service. 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 Electronic Payments Inc. Ω Philippines 99.99 - Dormant. GHL ePayments Pte. Ltd. ^ Singapore 100.00 100.00 Dormant.