v3.25.2
Bank Borrowing
12 Months Ended
Dec. 31, 2024
Bank Borrowing [Abstract]  
Bank borrowing

14. Bank borrowing

 

   As of
December 31,
2023
   As of
December 31,
2024
 
   MYR   MYR   USD 
- Non-current   52,942    39,774    8,899 
- Current   14,144    13,255    2,966 
    67,086    53,029    11,865 

 

On August 29, 2023, the Group entered into a borrowing agreement with a financial institution in Malaysia to borrow MYR 69,000 (USD 15,032), which bears a fixed rate of 3.55% per annum and with maturity date on August 29, 2028. As of December 31, 2024, the secured bank borrowing amounted to MYR 53,029 (USD 11,865) (2023: MYR 67,086) was secured by charge over a motor vehicle of the Group (note 5).

 

For the year ended December 31, 2024, interest related to the bank borrowing amounted to MYR 4,056 (USD 907) (2023: MYR 1,566).