210 NOTES TO THE FINANCIAL STATEMENTS ʹˢ˥ ˧˛˘ Ѓˡ˔ˡ˖˜˔˟ ˬ˘˔˥ ˘ˡ˗˘˗ ʦʤ ʷ˘˖˘ˠ˕˘˥ ʥʣʥʧ (cont’d) 7. INVESTMENT IN SUBSIDIARIES (CONT’D) Details of the subsidiaries are as follows: Name of Company Place of business/ Country of incorporation Effective interest (%) Principal activities 2024 2023 Subsidiaries of the Company Gale Vector Sdn. Bhd. (“GVSB”) Malaysia 100 100 Provision of software solutions and maintenance services and other ancillary services. MY EG Sdn. Bhd. (“EGSB”) Malaysia 100 100 Principally engaged in the business of development and implementation of the Electronic Government services project and the provision of other related services. MY E.G. Commerce Sdn. Bhd. (“MECSB”) Malaysia 100 100 Principally engaged in the business of providing auto insurance intermediary services and other related ancillary services. MY E.G. Capital Sdn. Bhd. (“MYEGC”) Malaysia 100 100 Principally engaged in the business of investment holding. MY EG Management Services Sdn. Bhd. (“MYEGMS”) Malaysia 100 100 Provide management and consultancy services. MY EG International Sdn. Bhd. (“MYEGI”) Malaysia 100 100 To undertake investments and joint ventures in foreign countries. MY E.G. Digital ID Sdn. Bhd. (“MYEGDI”) Malaysia 100 100 Development and implementation of distributed ledger technology and solutions for digital identification services. Subsidiaries of MYEGC MY EG Ad Networks Sdn. Bhd. (“MYEGAD”) Malaysia 100 100 Providing advertising and marketing services. 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 automative classified web portals.
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