Axiata Group Berhad - Annual Report 2016

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Axiata Group Berhad | Annual Report 2016 FINANCIAL STATEMENTS 242
NOTES TO THE FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2016
40. LIST OF SUBSIDIARIES (CONTINUED)
The Group had the following subsidiaries as at 31 December 2016: (continued)
Name of company
Ownership
interest
directly held
by the parent
Ownership
interest held
by the Group
Ownership
interest held
by NCI Principal activities
Country
and place of
incorporation
(%) (%) (%)
Subsidiaries held through AAP
Hong Kong
Adknowledge Asia (Thailand)
Co Ltd2 and 7
- 79.88 20.12 Provision of IT products and
services for online media
companies
Thailand
Komli Network Philippines, Inc2 and 8 - 80.00 20.00 Being principal and agent to
engage in marketing and sale of
digital publication, advertising
inventory both locally and
abroad, using the internet or
mobile technology
Philippines
Subsidiaries held through AAP
Hong Kong
PT Komli Indonesia2 - 79.20 20.80 Provision of IT products and
services for online media
companies
Indonesia
Adknowledge Asia Malaysia Sdn
Bhd2
- 80.00 20.00 Being consultants, specialists
and agents in multimedia
advertising and other related
activities
Malaysia
Adknowledge Asia Singapore Pte Ltd
(formerly known as Komli Media
Pte Ltd)2
- 80.00 20.00 Provision of IT products and
services for online media
companies
Singapore
Subsidiary held through WSO2
Telco Inc
WSO2. Telco (Private) Limited - 70.00 30.00 Develop and provide support
services for software
technologies products and
solutions
Sri Lanka
Subsidiaries held through edotco
Group Sdn Bhd
edotco Malaysia Sdn Bhd1 - 100.00 - Telecommunication
infrastructure and services
Malaysia
edotco Investments (Labuan)
Limited 1
- 100.00 - Investment holding Federal Territory,
Labuan Malaysia
edotco Holdings (Labuan) Limited1 - 78.15 21.85 Investment holding Federal Territory,
Labuan Malaysia