Annual Report 2023 155 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2023 (CONT’D) 7. INVESTMENTS IN SUBSIDIARIES Company 2023 2022 RM’000 RM’000 Unquoted shares, at cost: - in Malaysia 90,226 90,072 - outside Malaysia 1,029 1,029 91,255 91,101 The details of the subsidiaries are as follows:- Name of Subsidiary Principal Place of Business/ Country of Incorporation Percentage of Issued Share Capital Held by Parent Principal Activities 2023 2022 % % Datasonic Corporation Sdn. Bhd. (“DCSB”) Malaysia 100 100 Personalisation of smart cards. Datasonic Technologies Sdn. Bhd. (“DTSB”) Malaysia 100 100 Customisation of software and hardware solutions, project management, consultancy, manufacturing and research and development activities. Datasonic Smart Solutions Sdn. Bhd. (“DSSSB”) * Malaysia 100 100 Research and development and technical consultancy services. Datasonic Manufacturing Sdn. Bhd. (“DMSB”) Malaysia 100 100 Manufacturing of electrical integrated circuit cards or commonly known as smart cards and its related products. Datasonic Innovation Sdn. Bhd. (“DISB”) ^ Malaysia 100 100 Provision of biometrics solution. Amalan Fokus Sdn. Bhd. (“AFSB”) ^ Malaysia 100 100 Dormant. Datasonic Digital Sdn. Bhd. (“DDSB”) ^ Malaysia 100 100 Dormant. Datasonic International Sdn. Bhd. (“DINT”) ^ Malaysia 100 100 Dormant. Datasonic New Zealand Limited (“DNZL”) ~ New Zealand 100 100 Software development services and computer systems design and related activities. PT Datasonic Teknologi Indonesia (“PTD”) @ # Indonesia 100 100 Personalisation of smart cards. Datasonic Business Technology Philippines ("DBTP") @ $ Philippines 40 40 Dormant. Medicloud Malaysia Sdn. Bhd. ("MMSB") ^ Malaysia 100 100 Dormant. Datasonic Digent Sdn. Bhd. ("DSB") ^ Malaysia 60 60 Dormant. Held by DMSB Constant Ahead Sdn. Bhd. (“CASB”) & Malaysia 100 100 Dormant. Notes:- * The subsidiary was granted Multimedia Super Corridor status which qualifies for Pioneer Status incentive under the Promotion of Investments Act, 1986 as disclosed in Note 38 to the financial statements. @ The subsidiaries are audited by member firms of Crowe Global of which Crowe Malaysia PLT is a member. ^ These subsidiaries are audited by other firms of chartered accountants. ~ No audit requirement of this subsidiary under New Zealand Companies Act 1993 as the Company satisfied the exemption requirements. # 1% held by a wholly-owned subsidiary, DTSB. $ Although the Company owns less than half of the voting power in DBTP, the Company has control over DBTP by virtue of an agreement with other investor of DBTP. Consequently, the Company consolidates its investment of this subsidiary. & The subsidiary is in the process of strike-off under Section 550 of the Companies Act, 2016.
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