Page 88 - Annual Report 2021

Overview Leadership Message Business Segment Moving Forward Our Resources Working for a Corporate Financial
Review Plan Better Tomorrow Governance statements

nOTES TO THE FInanCIaL STaTEmEnTS

6. inVEstMEnts in suBsiDiariEs
the company
2021 2020
rM rM
Unquoted shares, at cost 48,100,752 36,086,055

The details of the subsidiaries, which are incorporated in Malaysia, are as follows:-

Percentage of issued
share capital Held by
name of subsidiary Parent Principal activities
2021 2020
% %

UM Plantations Sdn. Bhd. 100.00 100.00 Plantation management.

UM Innovations Sdn. Bhd. 100.00 100.00 Manage and operate incubator park.

UM Specialist Centre Sdn. Bhd. 100.00 100.00 Operation of a medical specialist centre
and provision of related healthcare
services.

International University of Malaya- 96.24 94.12 Private educational institution of higher
Wales Sdn. Bhd. learning.

UM Pharmauji Sdn. Bhd. 100.00 100.00 Research and drug discovery and to carry
on any business in connection therewith.

UM Corporate Services Sdn. Bhd. 100.00 100.00 Management services.

UM Education Sdn. Bhd. 100.00 100.00 Dormant.

UM Capital Berhad (“UMCB”) 100.00 100.00 Investment holding.

UM Properties Sdn. Bhd. 100.00 100.00 Development of land, promoting
properties and marketing
properties development.

88 UM Holdings Group