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Related Party Transactions | 3 Months Ended
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Mar. 31, 2025
Related Party Transactions [Abstract] |
Related Party Transactions |
(19) | Related party transactions
As of March 31, 2025, the Group’s related parties are as follows:
Type |  | Related parties
Ultimate parent entity |  | Bellevue Capital Management LLC
Major shareholder of the Parent |  | BCM Europe AG
Subsidiaries |  | RSM, VAXIMM, Darnatein, OSR Holdings, Inc.
Associates |  | Taction Co., Ltd.
Other related parties |  | Bellevue Global Life Sciences Investors LLC
There are no sales and procurement transactions and treasury transactions with related parties for the three-months ended March 31, 2025 and 2024. The Group acquired Vaximm from BCM Europe AG in December 2022 (Transaction between entities under common control), which is disclosed in detail in Note 27 Business combinations. Details of receivables and payables from related party transactions as at March 31, 2025 and December 31, 2024 are as follows:
|  | March 31, 2025
|  | Related parties |  | Short-term borrowings |
Key management |  | Individuals |  | $ | 641,323 |
Bellevue Global Life Sciences Acquisition Corp |  | Other related parties |  | $ | 300,716 |
Bellevue Capital Management Europe AG |  | Major shareholder of the Parent |  | $ | 862,053 |
|  | December 31, 2024
|  | Related parties |  |  | Short-term borrowings
Key management |  | Individuals |  | $ | 340,136
Compensations paid or accrued to key management of the Parent for the three months ended March 31, 2025 and 2024 are as follows:
|  | For the three-month ended |
|  | March 31, 2025 |  |  | March 31, 2024 |
Salaries |  | $ | 80,701 |  |  | $ | 104,344 |
The Group’s key management includes registered directors who have important authority and responsibility for planning, operation, and control of the Group’s business activities. No collateral or guarantee were provided for related parties and were received from related parties as of March 31, 2025 and December 31, 2024.

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