NOTES TO THE FINANCIAL STATEMENTS 7. INVESTMENTS IN SUBSIDIARIES Company 2025 RM’000 2024 RM’000 At cost Unquoted shares 407,313 330,273 Less: Allowance for impairment losses (185,162) (108,229) 222,151 222,044 The movements in the allowance for impairment losses of investments in subsidiaries during the financial year are: Company 2025 RM’000 2024 RM’000 At 1 January 108,229 101,661 Impairment loss during financial year 76,933 6,568 At 31 December 185,162 108,229 Details of the subsidiaries are as follows: Name of subsidiary Principal place of business/country of incorporation Principal activities Effective ownership interest 2025 2024 % % Information Technology Dagang Net Technologies Sdn. Bhd. Malaysia Development, management and provision of business to government (B2G) e-commerce and computerised transaction in trade facilitation services. 100 100 DNeX RFID Sdn. Bhd. * Malaysia Dormant. 51 51 Global eCommerce Limited * Federal Territory of Labuan, Malaysia Dormant. 51 51 DNeX Telco Services Sdn. Bhd. * Malaysia Dormant. 51 51 Global Market eCommerce Sdn. Bhd. * Malaysia Dormant. 100 100 DNeX VMS Sdn. Bhd. * Malaysia Dormant. 100 100 Imizu Sdn. Bhd. ** Malaysia Dormant. 55 55 * The subsidiaries’ interests are held under Dagang Net Technologies Sdn. Bhd.. ** The subsidiary’s interest is held under Global Market eCommerce Sdn. Bhd.. DNeX INTEGRATED REPORT 2025 162 ABOUT THIS REPORT LEADERSHIP VALUE CREATION @DNeX LEADERSHIP INSIGHTS OVERVIEW OF DAGANG NeXCHANGE BERHAD
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