NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 CONT’D 16. INVESTMENTS IN SUBSIDIARIES (Cont’d) (c) Equity loans to subsidiaries are unsecured, interest-free and settlement is neither planned nor likely to occur in the foreseeable future for the purposes of providing the subsidiary with a long term source of additional capital. (d) The details of the subsidiaries are as follows: Name of company Country of incorporation/ Principal place of business Effective interest in equity Principal activities 2023 2022 % % GHL Transact Sdn. Bhd. # Malaysia 100.00 100.00 Sales and rental of EDC equipment and its related software and services, inclusive of installation, training and maintenance. GHL EFTPOS Sdn. Bhd. # Malaysia 100.00 100.00 Sales and rental of EDC equipment and its related software and services, inclusive of installation, training and maintenance. GHL CardPay Sdn. Bhd. # Malaysia 100.00 100.00 Issue and/or acquire all credit card, debit card, prepaid card, loyalty card and electronic cash transactions carried out by the card holders at acquired merchants on behalf of the card issuer and for that purpose to provide the necessary facilities and infrastructure that facilitates the transactions electronically and sale and rental of hardware and its related services, inclusive of installations, training and maintenance. GHL Payments Sdn. Bhd. # Malaysia 100.00 100.00 Sales and rental of EDC equipment and its related software and services, inclusive of installation, training and maintenance and involved in business of money lending services. GHL International Sdn. Bhd. # Malaysia 100.00 100.00 Investment holding, sales and rental of Electronic Data Capture (“EDC”) equipment and its related software and services, inclusive of installation, training and maintenance. 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. 121 ANNUAL REPORT 2023
RkJQdWJsaXNoZXIy NDgzMzc=