v3.25.2
Related Party Loans
9 Months Ended
Jun. 30, 2025
Related Party Loans [Abstract]  
Related Party Loans

Note 12 – Related Party Loans  

 

Loans from a shareholder

 

In May and June 2025, the Company entered five loan agreements with Mr. Lee Ping Wei for working capital purpose. Lee Ping Wei owned 48.5% and 6.1% of the Company’s ordinary shares as of June 30, 2025 and September 30, 2024, respectively. The loans are unsecured, with interest bearing of 15% per annum and due on demand. As of June 30, 2025, total loans drawdown was $498,516. For the three months ended June 30, 2025, there was interest expense of $3,956. The principal amount, maturity date and interest rate for the loans are shown in the table below:

 

Lender  Principal   Interest Rate   Lending Date  Due Date
Lee Ping Wei  $118,694    15% p. a   May 28, 2025  Due on demand
Lee Ping Wei  $71,217    15% p. a   June 3, 2025  Due on demand
Lee Ping Wei  $71,217    15% p. a   June 10, 2025  Due on demand
Lee Ping Wei  $118,694    15% p. a   June 16, 2025  Due on demand
Lee Ping Wei  $118,694    15% p. a   June 26, 2025  Due on demand

 

   June 30,
2025
   September 30,
 
  

(unaudited) 

   2024 
Total interest payable  $4,117   $
       —
 
Total debt and interest payable   502,633