NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2023 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 2023 2022 % % 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, subprocesses, transactions, activities and all other card related works performed by business in various industries and to act as commission agents and any other business which may be usefully carried on in connection with such business. 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. 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. 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. 122 GHL SYSTEMS BERHAD 199401007361 (293040-D)
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