NOTES TO THE FINANCIAL STATEMENTS For the Financial Year Ended 31 December 2023 (cont’d) 7. INVESTMENT IN SUBSIDIARIES (CONT’D) The details of the subsidiaries are as follows: (cont’d) Name of Company Place of business /Country of incorporation Effective interest (%) Principal activities 2023 2022 Subsidiaries of MYEGC (cont’d) Agensi Pekerjaan MY EG Jobs Sdn. Bhd. (“MYEGJOBS”) Malaysia 100 100 To carry on business as a private employment agency to recruit and place a worker to another employer. Car X Services Sdn. Bhd. (“CarX”) Malaysia 55 55 Principally engaged in the business of operating and managing automotive classified web portals, other value added services for the automotive classifieds web portal. MY EG Finance Technologies Sdn. Bhd. (“MYEGFT”) Malaysia 100 100 Financial leasing activities and other credit granting activities, money lending services. 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 and e-commerce platform. Essential Reviews Sdn. Bhd. (“ERSB”) Malaysia 67 67 Provision of digital platform for reviews and news on restaurants and food and beverage businesses, with advertising or marketing possibilities for related brands. Mydigitalcoin Sdn. Bhd. (“MYDC”) Malaysia 100 100 Provision of payment solutions and related services. MY EG E-Settlement Sdn. Bhd. (“MYEGE”) Malaysia 100 100 Providing software solutions and maintenance services. PayMe Sdn. Bhd. (“PayMe”) Malaysia 100 100 Provision of human resource management and payroll services. MY EG Islamic Finance Sdn. Bhd. (“MYEGIF”) Malaysia 100 100 Provision of Islamic financing, leasing and other Islamic credit granting activities. ANNUAL REPORT 2023 203 FINANCIAL STATEMENTS
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