112 GHL SYSTEMS BERHAD 199401007361 (293040-D) ANNUAL REPORT 2022 NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 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 2022 2021 % % 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 Dormant. 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. 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.
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