7. INVESTMENTS IN SUBSIDIARIES Company 31.12.2024 31.12.2023 RM’000 RM’000 At cost Unquoted shares 330,273 287,886 Less: Allowance for impairment losses (108,229) (101,661) 222,044 186,225 The movements in the allowance for impairment losses of investments in subsidiaries during the financial year/period are: Company 31.12.2024 31.12.2023 RM’000 RM’000 At 1 January/1 July 101,661 101,661 Impairment loss during financial year/period 6,568 - At 31 December 108,229 101,661 Details of the subsidiaries are as follows: Principal place of business/ Effective country of ownership interest Name of subsidiary incorporation Principal activities 31.12.2024 31.12.2023 % % Information Technology Dagang Net Technologies Malaysia Development, management and provision of 100 100 Sdn. Bhd. business to government (B2G) e-commerce and computerised transaction in trade facilitation services. DNeX RFID Sdn. Bhd. * Malaysia Research and development, design, manufacturing 51 51 and trading of radio-frequency technology. Global eCommerce Federal Territory Yet to commence business. 51 51 Limited * of Labuan, Malaysia DNeX Telco Services Malaysia Providing of services for infrastructure works for 51 51 Sdn. Bhd. * telecommunication industry. Global Market Malaysia Dealing in the business for online marketing 100 100 eCommerce Sdn. Bhd. * and e-market place. DNeX VMS Sdn. Bhd. * Malaysia Yet to commence business. 100 100 * The subsidiaries’ interests are held under Dagang Net Technologies Sdn. Bhd.. 147 Financial Statements DAGANG NeXCHANGE BERHAD Integrated Report 2024 NOTES TO THE FINANCIAL STATEMENTS for the financial year ended 31 December 2024
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