The MoA was signed by Dr. Tham Seng Kong, Group Chief Executive Officer of ALPS Group; and Tan Sri Dato’ Sri Dr. Chin Yung Kong, Group Chairman and Chief Executive Officer of QMIS Financial Group; and was witnessed by Datuk Iskandar Mohd. Nuli, Executive Chairman of Labuan International Business & Financial Centre. The signing, which took place on June 2, 2022, was also witnessed virtually by the board of directors and shareholders of ALPS.
Commenting after the signing ceremony, Dr Tham Seng Kong said, “We are grateful to have the trust and support of QMIS, which signals confidence in ALPS’ performance. We are confident that the listing exercise will provide cheaper accessibility to predictive and precision healthcare management solutions to the public at large.”
Additionally, Tan Sri Dato’ Sri Dr. Chin Yung Kong said, “We are pleased to be given the opportunity to play a key role in enabling a new biotechnology firm such as ALPS to be listed on the NASDAQ. With the relevant growth strategies in place, we are confident that this IPO will strengthen ALPS’ financial position as it embarks upon the next phase of its business expansion.”
With this funding exercise, ALPS is poised to become the first biotechnology company in Southeast Asia to achieve unicorn status. ALPS hopes to drive the next phase in health management by utilising its technology and know-how in genetics sequencing, advance precision medicine and cellular therapy.
Labuan IBFC
Lalitha Sivanesan
lalitha@libfc.com
+6012-314 1194
ALPS
AmirHesam Hatami (William)
amirhesam@alpsmedical.com
+6012-266 3804
ABOUT LABUAN IBFC
ASIA PACIFIC’S MIDSHORE INTERNATIONAL BUSINESS AND FINANCIAL CENTRE
Labuan International Business and Financial Centre (Labuan IBFC), Malaysia, through its internationally recognised yet business-friendly legal framework, is the preferred international business and financial centre in the Asia Pacific region.
It offers global investors and businesses the benefits of being in a well-regulated jurisdiction, while providing for fiscal neutrality and certainty, in addition to being an ideal location for substance creation.
Labuan IBFC boasts a wide range of business structures and investment solutions catered to cross-border transactions and international business dealings. It offers services and solutions in niches such as asset leasing, risk management, commodity trading, wealth management, international business companies and Islamic financial services to global businesses looking at penetrating Asia and Asian entities aiming to go global.
Labuan IBFC operates within clear and comprehensive legal provisions, guidelines and practice notes, enforced by a single regulator, Labuan Financial Services Authority.
To keep up with everything about Labuan IBFC, follow Twitter or Facebook @LabuanIBFC. Alternatively, visit www.labuanibfc.com