My EG Services Berhad Annual Report 2019

MY E.G. SERVICES BERHAD [Registration No. 200001003034 (505639-K)] 134 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019 (CONT’D) 6. INVESTMENTS IN SUBSIDIARIES (CONT’D) The details of the subsidiaries are as follows:- (cont’d) Name of Subsidiary Principal Place of Business/Country of Incorporation Percentage of Issued Share Capital Held by Parent Principal Activities 2019 2018 % % Subsidiaries of MYEGC (cont’d) MY E.G. Alternative Payment Services Sdn. Bhd. (“MYEG ALT”) Malaysia 100 100 Providing and operating an electronic payment and remittance platform for the issuance, transfer, clearance, and settlement of Electronic Money and all ancillary products and services related to it. Picasso Media Sdn. Bhd. (“Picasso Media”) Malaysia 60 60 Provision of diversified media solutions and related professional services. CardBiz Holding Sdn. Bhd. (“CardBiz”) Malaysia 55 55 Investment holding. Hurr Tv Sdn. Bhd. (“Hurr Tv”) Malaysia 60 60 Build, own and operate an online TV channel. Essential Reviews Sdn. Bhd. (“ERSB”) Malaysia 67 67 Provision of digital platform for reviews and news on restaurant and food and beverage business, with advertising or marketing possibilities for related brands. Mydigitalcoin Sdn. Bhd. (“MYDC”) Malaysia 100 100 Investment holding. MY EG E-Settlement Sdn. Bhd. (“MYEGE”) Malaysia 100 - Provision of payment settlement systems. PayMe Sdn. Bhd. (“PayMe”) Malaysia 100 - Provision of human resource management and payroll services. MY EG Islamic Finance Sdn. Bhd. (“MYEGIF”) Malaysia 100 - Provision of Islamic financial lease activities and other Islamic credit granting activities. Subsidiaries of CardBiz CardBiz Solutions Sdn. Bhd. (“CSSB”) Malaysia 55 55 Computer software and hardware. CardBiz Payment Services Sdn. Bhd. (“CPSSB”) Malaysia 55 55 Information technology and credit card terminal rental and other related activities. CardBiz Technologies Sdn. Bhd. (“CTSB”) Malaysia 55 55 Trading of computer hardware, accessories and related products.