My EG Services Berhad Annual Report 2019

MY E.G. SERVICES BERHAD [Registration No. 200001003034 (505639-K)] 136 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL PERIOD ENDED 31 DECEMBER 2019 (CONT’D) 6. INVESTMENTS IN SUBSIDIARIES (CONT’D) (a) During the financial period:- (i) On 1 October 2018, MYEGC incorporated a wholly-owned subsidiary with 100 ordinary shares, representing 100% of equity interest in MYEGE for a total consideration of RM100. (ii) On 8 October 2018, MYEGC incorporated a wholly-owned subsidiary with 100 ordinary shares, representing 100% of equity interest in PayMe for a total consideration of RM100. (iii) On 15 November 2018, MYEGC subscribed for an additional 59,994 ordinary shares, representing 60% of equity interest in Hurr Tv for a total consideration of RM59,994. (iv) On 26 June 2019, MYEGC incorporated a wholly-owned subsidiary with 10 ordinary shares, representing 100% of equity interest in MYEGIF for a total consideration of RM10. On 23 October 2019, MYEGC subscribed for an additional 1,999,990 ordinary shares of RM1 each, representing 100% of equity interest in MYEGIF for a total consideration of RM1,999,990. (v) On 30 June 2019, the Company subscribed for an additional 1,999,999 ordinary shares, representing 100% of equity interest in MYEGI for a total cash consideration of RM1,999,999. (vi) On 19 July 2019, MYEGC subscribed for an additional 10,000,000 ordinary shares, representing 83% of equity interest in MYEGFT for a total consideration of RM10,000,000. (vii) On 21 November 2019, MYEGI incorporated and subscribed for a wholly-owned subsidiary with 10 ordinary shares, representing 100% of equity interest in MYEGP for a total consideration of RM10. (b) In the previous financial period:- (i) On 24 October 2017, EGSB subscribed for an additional 274,945 ordinary shares, representing 55% of equity interest in MLSB for a total cash consideration of RM274,945. (ii) On 21 November 2017, MYEGC subscribed for an additional 450,000 ordinary shares, representing 90% of equity interest in MYEGJOBS for a total consideration of RM450,000. (iii) On 6 December 2017, EGSB incorporated a wholly-owned subsidiary with 1 ordinary share, representing 100% of equity interest in MYAA for a total consideration of RM1. (iv) On 31 December 2017, MYEGC subscribed for an additional 60,000 ordinary shares, representing 12% of equity interest in Picasso Media for a total consideration of RM60,000. (v) On 26 January 2018, the Company incorporated a wholly-owned subsidiary with 1 ordinary share, representing 100% of equity interest in MYEGI for a total consideration of RM1. (vi) On 30 March 2018, the Company subscribed for an additional 1,999,998 ordinary shares, representing 99% equity interest in MYEGMS for a total cash consideration of RM1,999,998. (vii) On 31 March 2018, Hurr Tv subscribed for an additional 150,000 ordinary shares, representing 99% of equity interest in MUCA for a total cash consideration of RM150,000. (viii) On 22 June 2018, MYEGI incorporated a wholly-owned subsidiary with 10 ordinary shares, representing 100% of equity interest in MYEGIND for a total consideration of RM10. (ix) On 21 September 2018, MYEGIND incorporated a subsidiary with 2,250 ordinary shares, representing 90% of equity interest in PTMYEG Services Indonesia for a total consideration of Rupiah 2.25 billion. (x) On 28 September 2018, MYEGC subscribed for an additional 2,500,000 ordinary shares, representing 33% of equity interest in MYEG ALT for a total consideration of RM2,500,000.