Borrowings |
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| BORROWINGS |
As of June 30, 2025 and December 31, 2024, summary of the borrowings is as following:
Interest expenses were $3,696 and $7,057 for six months ended June 30, 2025 and 2024, respectively. The borrowings above are guaranteed by the Group’s shareholder, Poh Kiong Tan.
Debt Maturities
The contractual maturities of the Group’s borrowings as of June 30, 2025 were as follows:
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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