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LIPO Corporation Berhad, a 51.49% subsidiary of Kobay Technology Bhd., was incorporated in Malaysia under the Companies Act, 1965 on 16 August 1999 as a private limited company under the name of Bright Consolidated Sdn. Bhd.. On 2 November 1999, it changed its name to Lipo Corporation Sdn. Bhd. and subsequently, on 1 December 2000, it was converted to a public company and assumed its present name. The principal activities of the Company are investment holding and provision of management services whilst the principal activities of its subsidiaries are as follows: -
 
 

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