Bank Borrowing |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Dec. 31, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bank Borrowing [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bank borrowing | 14. Bank borrowing
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). |
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