Investment in an equity security |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2024 |
Dec. 31, 2023 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment in an equity security | 6 Investment in an equity security
Investment in an unquoted equity security as of December 31, 2024 and 2023 consisted of the following:
No impairment was recorded as of December 31, 2023 as the Company evaluated the decline in fair value of the investment below its book value was not other-than-temporary.
Investment in an equity security refers to assets held by GEA. The entities has been deconsolidated during the year 2024 and related assets were derecognised.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Seamless Group Inc [Member] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment in an equity security | 6 Investment in an equity security
Investment in an unquoted equity security as of December 31, 2023 and 2022 consisted of the following:
No impairment was recorded as of December 31, 2023 and 2022 as the Company evaluated the decline in fair value of the investment below its book value was not other-than-temporary.
|