v3.25.2
ORGANIZATION AND DESCRIPTION OF BUSINESS (Tables)
6 Months Ended
Jun. 30, 2025
Organization And Description Of Business  
SCHEDULE OF PROCEEDS FROM MERGER

 

      
Cash—Pono working capital cash  $766,735 
Cash—Pono trust   16,731,409 
Less: transaction costs and advisory fees   5,790,727 
Net proceeds from Pono Merger  $11,707,417 
SCHEDULE OF MAJOR SUBSIDIARIES

As of June 30, 2025, the Company’s major subsidiaries and VIE are as follows:

 

Name 

Place of

Incorporation

 

Date of

Incorporation or

Acquisition

 

Percentage of

Ownership

   Principal Activities
SBC Medical Group, Inc.  United States  January 20, 2023   100%  Investment holding
SBC Medical Group Co., Ltd.*  Japan  June 18, 2003   100%  Franchising, procurement, management and rental services for the medical corporations

 

 

SBC MEDICAL GROUP HOLDINGS INCORPORATED
NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS

 

NOTE 1 — ORGANIZATION AND DESCRIPTION OF BUSINESS (cont.)

 

Name  Place of
Incorporation
  Date of
Incorporation or
Acquisition
  Percentage of
Ownership
   Principal Activities
Liesta Co., Ltd.  Japan  December 15, 2020   100%  Real estate brokerage services
SBC Sealane Co., Ltd.  Japan  June 7, 2022   100%  Construction services
SBC Marketing Co., Ltd.  Japan  June 30, 2022   100%  Marketing services
Medical Payment Co., Ltd.  Japan  June 30, 2022   75%  Loan services
SBC Medical Consulting Co., Ltd.  Japan  August 2, 2022   100%  Human resource services
Shoubikai Medical Vietnam Co., Ltd.  Vietnam  August 29, 2013   100%  Cosmetic clinic
SBC Healthcare Inc.  United States  December 16, 2019   100%  Management services for cosmetic clinic in the United States
SBC Irvine, LLC  United States  December 27, 2018   100%  Management services for cosmetic clinic in the United States
Aesthetic Healthcare Holdings Pte. Ltd.  Singapore  November 20, 2024   100%  Investment holding
Wen & Weng Family Clinic Pte. Ltd.**  Singapore  November 20, 2024   100%  General outpatient medical services
Wen & Weng Medical Group Pte. Ltd.**  Singapore  November 20, 2024   100%  Healthcare-related businesses
Rochor Clinic Pte. Ltd.**  Singapore  November 20, 2024   100%  General outpatient medical services
Dermasolutions Pte. Ltd.**  Singapore  November 20, 2024   100%  Cosmetic and dermatological treatments and products
Dermasolutions Services Pte. Ltd.**  Singapore  November 20, 2024   100%  Cosmetic services and products
SBC MEDICAL APAC PTE. LTD.  Singapore  March 26, 2025   100%  Asia-Pacific regional headquarters
Aikawa Medical Management, Inc.  United States  May 10, 2017   VIE   Management services for cosmetic clinic in the United States

 

* In January 2025, the Company effected a merger in which SBC Japan and Shobikai Sub merged with and into L’Ange Sub. As a result, the separate corporate existence of SBC Japan and Shobikai Sub ceased, with L’Ange Sub continuing as the surviving company. Following the merger, L’Ange Sub changed its name to SBC Medical Group Co., Ltd., which is herein referred to as “SBC Japan.”

 

**

Subsidiaries of Aesthetic Healthcare Holdings Pte. Ltd. (“AHH”)