| 31. |
List
of subsidiaries are as follows: |
Schedule of
list of subsidiaries
| Name
of |
|
Date
of |
|
Place
of |
|
Effective
interest |
|
|
| Company |
|
acquisition |
|
incorporation |
|
2024 |
|
2023 |
|
Principal
activities |
| |
|
|
|
|
|
% |
|
% |
|
|
| ALPS
Biotech Sdn. Bhd. |
|
May
9, 2019 |
|
Malaysia |
|
95 |
|
95 |
|
Investment advisory services, leasing of intellectual property and research and development on medical sciences
|
Alpscap
Berhad
|
|
April
11, 2018 |
|
Malaysia |
|
51 |
|
95 |
|
Investment
holding
|
ALPS
Wellness Centre Sdn. Bhd.
|
|
March
31, 2021 |
|
Malaysia |
|
100 |
|
100 |
|
Business
of health screening, beauty aesthetics and to act as wellness centre
|
|
|
February
7, 2018 |
|
Malaysia |
|
100 |
|
100 |
|
Medical
research, cultivating and manufacturing stem cells
|
| Celebre
Pro Medic Sdn. Bhd. |
|
July
15, 2020 |
|
Malaysia |
|
100 |
|
100 |
|
Business
of beauty, healthcare consultancy and therapist
|
| Mont
Life (M) Sdn. Bhd. |
|
July
6, 2020 |
|
Malaysia |
|
100 |
|
100 |
|
Provision
of consultancy services in relation to healthcare, beauty and aesthetics specialties
|
| Mygenome
Sdn. Bhd. |
|
November
27, 2018 |
|
Malaysia |
|
99 |
|
99 |
|
Research
and development on biotechnology, provide medical testing and laboratory services, and manufacture
and sales of medical medicaments
|
TMC
Global Holdings Sdn. Bhd.
|
|
July
15, 2020 |
|
Malaysia |
|
100 |
|
100 |
|
Beauty
and health care consultants |
| Alps
Insurance PCC INC |
|
April
10, 2023 |
|
Labuan |
|
51% |
|
- |
|
Licensed
Labuan insurance captive |
On
10 April 2023, a subsidiary of the Company, Alpscap Berhad entered into a Share Sale Agreement with the directors of the Group to acquire
160,669 ordinary shares, representing 100% of the equity interest, in Alps Insurance PCC INC, for a total cash consideration of RM686,275.
Consequently, The Company’s effective equity interest in Alps Insurance PCC INC is 95%.
On
2 June 2023, the Company had transferred 44,000 ordinary shares of Alpscap Berhad to Dr. Tham Seng Kong. Consequently, The Company’s
effective equity interest in Alpscap Berhad and Alps Insurance PCC INC are 51%.
|