118 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2021 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2021 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 2021 2020 % % GHL Global Sdn. Bhd. # Malaysia 100.00 100.00 Develop and sale of Net.Point sof tware solut ion, sof tware 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 , t ransact ions , 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. 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.
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