v3.25.2
RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE－ 17 RELATED PARTY TRANSACTIONS

 

In the ordinary course of business, the Company was involved in certain transactions, either at cost or current market prices, and on the normal commercial terms with related parties. The following table provides the transactions with these parties for the years as presented (for the portion of such period that they were considered related):

 

Nature of transactions  2023   2024 
   Year ended December 31, 
Nature of transactions  2023   2024 
   S$’000   S$’000 
Ten-League Corporations Pte. Ltd.(1)          
- Management fee charged   2,471    1,358 
- Purchase of plant and equipment   884    10 
- Purchase of spare parts   708    877 
- Purchase of motor vehicles   88    - 
-Expenses paid on behalf   -    3 
-Services rendered   -    2 
- Lease payments in respect of:          
Plant and equipment   131    - 
Factory premises   480    1,096 
           
Ten-League Green Energy Pte. Ltd.(2)          
- Subcontract costs   373    203 

 

These related parties are controlled by the common shareholders of the Company.

 

(1) - Ultimate holding company
(2) - 75% held by Ten-League Corporations Pte Ltd

 

Apart from the transactions and balances detailed elsewhere in these accompanying consolidated financial statements, the Company has no other significant or material related party transactions during the years presented.