v3.26.1
BANK LOANS
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
BANK LOANS

9. BANK LOANS

 

The bank loans as of December 31, 2024 and 2025 are set out below:

 

Bank loans  Currency  Period  Interest rate    Carrying amount 
              SGD’000 
Secured floating rate bank loans 　  SGD  2015 - 2029  SIBOR+1.25% to +1.5%     8,676 
   US$  2023 - 2029  London Inter Bank Offer Rate +1.25%     118 
Balance as of December 31, 2024  　           8,794 
                 
Secured floating rate bank loans 　  SGD  2024 - 2029  SIBOR+1.25% to +1.5%     3,927 
   US$  2023 - 2029  London Inter Bank Offer Rate +1.25%     95 
Balance as of December 31, 2025  　           4,022 
Balance as of December 31, 2025(US$)              3,128 

 

The bank loans are secured by corporate guarantees provided by the Company and its subsidiaries, financial instruments (see Note 5), leasehold building (see Note 6).

 

   

   Carrying amount   Within 1 year   2026   2027   2028   2029   Thereafter 
   SGD’000                         
Secured floating rate bank loans   8,676    1,304    1,309    4,400    1,142    521            - 
    118    24    24    24    24    22    - 
Balance as of December 31, 2024   8,794    1,328    1,333    4,424    1,166    543    - 

 

Bank loans  Carrying amount   Within 1 year   2027   2028   2029   2030   Thereafter 
   SGD’000                         
Secured floating rate bank loans   3,927    1,127    1,138    1,142    520         -      -        
    95    25    25    23    22    -    - 
Balance as of December 31, 2025   4,022    1,152    1,163    1,165    542    -    - 
Balance as of December 31, 2025 (US$)   3,128    896    904    906    422    -    -