GHL System Berhad Annual Report 2020

122 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 ) NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 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 2020 2019 % % Principal activities 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. Subsidiaries of Mobiepay Sdn. Bhd. Pay Here Sdn. Bhd. # Malaysia 100.00 100.00 Dormant. PT Pembayaran Elektronik Indonesia Indonesia 100.00 100.00 Engaged in the business of developing and selling software. Digital Salute Sdn. Bhd. # Malaysia 100.00 100.00 Engaged in the business of providing self-service payment kiosk for reload and top up. Subsidiary of GHL (Thailand) Co., Ltd. Conscious Object Development Co. Ltd. Thailand 97.74 97.74 Dormant. Subsidiary of S Capital Sdn. Bhd. Paysys (M) Sdn. Bhd. # Malaysia 100.00 100.00 Engaged in business as dealers in credit card transactions, terminals and solutions.