v3.25.1
LOANS TO CUSTOMERS, NET (Tables)
12 Months Ended
Dec. 31, 2024
Receivables [Abstract]  
SCHEDULE OF LOANS TO CUSTOMERS

 

   2023   2024   2024 
   As of December 31, 
   2023   2024   2024 
   HKD’000   HKD’000   US$’000 
             
Margin loans   45,421    25,418    3,272 
Less: allowance for expected credit losses   (10,944)   (9,517)   (1,225)
Total   34,477    15,901    2,047 
SCHEDULE OF ALLOWANCE FOR EXPECTED CREDIT LOSSES

The movement of the allowance for expected credit losses was as follows:

 

   2023   2024   2024 
   As of December 31, 
   2023   2024   2024 
   HKD’000   HKD’000   US$’000 
             
Balance at the beginning of year   -    10,944    1,409 
Charged (credited) to consolidated statements of loss and comprehensive loss   10,944    (1,427)   (184)
Balance at the end of the year   10,944    9,517    1,225