Dagang NeXchange Berhad Annual Report 2018

6. INVESTMENTS IN SUBSIDIARIES (CONTINUED) Details of the subsidiaries are as follows: Principal place of business/ Effective country of ownership interest Name of subsidiary incorporation Principal activities 2018 2017 % % Information Technology Dagang Net Technologies Malaysia Development, management and provision of business 100 100 Sdn. Bhd. to government (B2G) e-commerce and computerised transaction in trade facilitation services. DNeX RFID Sdn. Bhd.* Malaysia Research and development, design, manufacturing 51 51 and trading of radio-frequency technology. Global eCommerce Federal Territory Yet to commence business. 100 100 Limited *~ of Labuan, Malaysia MyCall Gateway Sdn. Bhd.* Malaysia Providing of eWork Permit System and other 100 100 related services. DNeX Telco Services Malaysia Providing of services for infrastructure works for 51 51 Sdn. Bhd. * telecommunication industry. Global Market eCommerce Malaysia Dealing in the business for online marketing and 100 100 Sdn. Bhd. * e-market place. DNeX Imizu Sdn. Bhd.** Malaysia Trading, dealing in any manner whatsoever in all type 55 55 of drinking water and beverages on retail as well as on wholesale basis in Malaysia or elsewhere. DNeXPORT Sdn. Bhd. * Malaysia Providing technical consultancy, implementation, 80 80 training, maintenance and technical support services related to eBusiness and the operation of business to business (B2B) eCommerce portal. DNeX GIS Sdn. Bhd.*** Malaysia Yet to commence business. 41 41 Genaxis Group Sdn. Bhd.* Malaysia Providing consultancy and advisory in computer 51 - hardware, software, peripherals and other IT based products. * The subsidiaries interest are held under Dagang Net Technologies Sdn. Bhd. ** The subsidiary’s interest is held under Global Market eCommerce Sdn. Bhd. *** The subsidiary’s interest is held under DNeXPORT Sdn. Bhd. ~ This subsidiary was audited by member firms of Crowe Global of which Crowe Malaysia PLT is a member. 132 Dagang NeXchange Berhad Annual Report 2018 Notes to the Financial Statements (CONTINUED)