My EG Services Berhad Annual Report 2019

ANNUAL REPORT 2019 135 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019 (CONT’D) FINANCIAL STATEMENTS 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 CardBiz (cont’d) Buy Now Asia Sdn. Bhd. (“BNASB”) Malaysia 55 55 E-Commerce service provider, online purchase and redemption and other related activities. CardBiz eServices Sdn. Bhd. (“CESB”) Malaysia 55 55 Dormant. Subsidiaries of EGSB MYEG Trade Sdn. Bhd. (“MTSB”) Malaysia 100 100 Trading of motor vehicles and provision of ancillary services. MY EG Lodging Sdn. Bhd. (“MLSB”) Malaysia 55 55 Build, own and operate hostels for foreign workers. MYEG Auto Assist Sdn. Bhd. (“MYAA”) Malaysia 100 100 Provision of motor vehicle inspection and repairs, sale of removable motor vehicle spare parts and motor vehicle breakdown assistance. Subsidiary of Hurr Tv Muca Wellness Sdn. Bhd. (“MUCA”) Malaysia 60 60 Electronic commerce. Subsidiary of MYEGI MY EG (Indonesia) Sdn. Bhd. (“MYEGIND”) Malaysia 100 100 Activities of an investment holding company. MY EG (Bangladesh) Sdn. Bhd. (“MYEGBD”) Malaysia 100 - Activities of an investment holding company. MY EG (Philippines) Sdn. Bhd. (“MYEGP”)^ Malaysia 100 - Activities of an investment holding company. Subsidiary of MYEGIND PT MYEG Services Indonesia. (“PTMYEG”)^ Indonesia 90 90 To build, own, and operate a digital platform for commercial services. ^ These subsidiaries were unaudited as at the financial period ended.