| Investment in associate |
| 5. |
Investment
in associate |
On October 16, 2025, Linkers Asia Pacific Limited, a wholly-owned subsidiary
of the Company entered into a Share Sale and Purchase Agreement, with Mr. Man Tak Lau, the chairman of the board of directors of the Company,
for the purchase of 104,000 shares, or 20% of the outstanding shares, of LPW Electronics Co., Ltd. (“LPW”) The transaction
was closed on October 31, 2025.
| | |
June 30,
2025 | | |
December 31,
2025 | | |
December 31,
2025 | |
| | |
RM | | |
RM | | |
US$ | |
| At beginning of financial year/period | |
| - | | |
| - | | |
| - | |
| Addition | |
| - | | |
| 3,447,430 | | |
| 849,958 | |
| Share of post-acquisition results | |
| - | | |
| (81,320 | ) | |
| (20,049 | ) |
| Foreign exchange loss | |
| - | | |
| (102,047 | ) | |
| (25,160 | ) |
| At end of financial year/period | |
| - | | |
| 3,264,063 | | |
| 804,749 | |
Summarised financial information for associates
| | |
December 31,
2025 | | |
December 31,
2025 | |
| | |
RM | | |
US$ | |
| Current assets | |
| 3,025,250 | | |
| 745,870 | |
| | |
| | | |
| | |
| Current liabilities | |
| (654,812 | ) | |
| (161,443 | ) |
| | |
| | | |
| | |
| Non-current assets | |
| 25,216,162 | | |
| 6,217,002 | |
| | |
| | | |
| | |
| Non-current liabilities | |
| (24,268,922 | ) | |
| (5,983,462 | ) |
Summarised statement of comprehensive income/(loss)
| | |
December 31,
2025 | | |
December 31,
2025 | |
| | |
RM | | |
US$ | |
| Revenue | |
| 2,850,028 | | |
| 702,670 | |
| | |
| | | |
| | |
| Loss from operations | |
| (2,990,364 | ) | |
| (737,269 | ) |
| | |
| | | |
| | |
| Loss from operations (after acquisition) | |
| (414,374 | ) | |
| (102,163 | ) |
Reconciliation of summarized financial information
Reconciliation of the summarized financial information presented,
to the carrying amount of the Group’s interest in associates, is as follows:
| | |
December 31,
2025 | | |
December 31,
2025 | |
| | |
RM | | |
US$ | |
| Net assets | |
| 3,317,678 | | |
| 817,967 | |
| | |
| | | |
| | |
| Group’s equity interest | |
| 20 | % | |
| 20 | % |
| | |
| | | |
| | |
| Group’s share of net assets | |
| 663,536 | | |
| 163,593 | |
| | |
| | | |
| | |
| Goodwill | |
| 2,512,391 | | |
| 619,426 | |
| | |
| | | |
| | |
| Foreign exchange | |
| 88,136 | | |
| 21,730 | |
| | |
| | | |
| | |
| Carrying value | |
| 3,264,063 | | |
| 804,749 | |
|