7. INVESTMENTS IN SUBSIDIARIES (CONTINUED) Non-controlling interests in subsidiaries The Group’s subsidiaries that have material non-controlling interests (“NCI”) are as follows: 31.12.2024 31.12.2023 NCI percentage of ownership interest and voting interest - DNeX RFID Sdn. Bhd. 49.0% 49.0% - Global eCommerce Limited 49.0% 49.0% - DNeX Telco Services Sdn. Bhd. 49.0% 49.0% - Imizu Sdn. Bhd. 45.0% 45.0% - Genaxis Group Sdn. Bhd. 1.3% 49.0% - Innovation Associates Consulting Sdn. Bhd. 13.7% 69.4% - PT Dagang Net Indonesia 1.0% 1.0% - PT DNeX Telco Indonesia 5.0% 5.0% - Ping Petroleum Limited and its subsidiaries 10.0% 10.0% - Silterra Malaysia Sdn. Bhd. and its subsidiaries 40.0% 40.0% Carrying amount of NCI (RM’000) 402,638 403,662 Loss allocated to NCI (RM’000) (39,278) (70,838) 151 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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