v3.25.2
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:

 

       2024   2023 
       December 31, 
       2024   2023 
       US$   US$ 
                
K Hub   0.54%   -    100,000 

 

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:

 

       December 31, 
       2023   2022 
         US$    US$ 
                
K Hub   0.54%   100,000    100,000 
K Hub   0.54%   100,000    100,000 

 

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.