v3.25.4
RECEIVABLES FROM CUSTOMERS, NET (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
North Water Investment Group Holdings Limited [Member]    
Restructuring Cost and Reserve [Line Items]    
SCHEDULE OF RECEIVABLES FROM CUSTOMERS, NET  

Receivables from customers, net comprised the following:

 

SCHEDULE OF RECEIVABLES FROM CUSTOMERS NET

   2023   2024 
   As of December 31, 
   2023   2024 
   HK$   HK$ 
         
Receivables from customers arising from the business of:          
Dealing in securities for cash clients   55,584    64,272 
Generating retrocession fee income   -    211,745 
Receivables, gross   55,584    276,017 
Less: allowance for credit losses   -    (62,263)
Receivables, net   55,584    213,754 
SCHEDULE OF ALLOWANCE FOR EXPECTED CREDIT LOSSES FOR RECEIVABLES FROM CUSTOMERS  

The movement of the allowance for credit losses for receivables from customers was as follows:

 

SCHEDULE OF ALLOWANCE FOR EXPECTED CREDIT LOSSES FOR RECEIVABLES FROM CUSTOMERS

   2023   2024 
   As of December 31, 
   2023   2024 
   HK$   HK$ 
         
Beginning balance   -    - 
Allowance for credit losses recognized   -    62,263 
Ending balance   -    62,263 
Mango Financial Group Limited [Member]    
Restructuring Cost and Reserve [Line Items]    
SCHEDULE OF RECEIVABLES FROM CUSTOMERS, NET

Receivables from customers, net comprised the following:

 

   2024   2025 
   As of 
   December 31,   June 30, 
   2024   2025 
   HK$   HK$ 
       (Unaudited) 
         
Receivables from customers arising from the business of:          
Dealing in securities for cash clients   64,272    1,365,628 
Generating retrocession fee income   211,745    - 
Receivables, gross   276,017    1,365,628 
Less: allowance for credit losses   (62,263)   (62,263)
Receivables, net   213,754    1,303,365 
 
SCHEDULE OF ALLOWANCE FOR EXPECTED CREDIT LOSSES FOR RECEIVABLES FROM CUSTOMERS

The movement of the allowance for credit losses for receivables from customers was as follows:

 

   2024   2025 
   As of 
   December 31,   June 30, 
   2024   2025 
   HK$   HK$ 
       (Unaudited) 
         
Beginning balance   -    62,263 
Allowance for credit losses recognized   62,263    - 
Ending balance   62,263    62,263