v3.26.1
Related Party Balances and Transactions
 9 Months Ended
Mar. 31, 2026
Related Party Balances and Transactions [Abstract]  
Related Party balances and transactions

Note 12 – Related party balances and transactions

 

Related party balances

 

Other receivable, a related party

 

Name of related party  Relationship  Nature  As of
March 31,
2026		   As of
June 30,
2025		 
          (Unaudited)      
Ezytronic Sdn Bhd  Jau Long “Jerry” Ooi is a common shareholder  Equipment rental deposit  $14,817   $13,723 

 

Other payables, related parties

 

Name of Related Party  Relationship  Nature  As of
March 31,
2026		   As of
June 30,
2025		 
          (Unaudited)      
Ezytronic Sdn Bhd  Jau Long “Jerry” Ooi is a common shareholder  Operating expense paid on behalf   494    494 

 

Related party loan

 

On December 7, 2020, the Company obtained right of use of a vehicle through signing a trust of deed with Chan Chong “Sam” Teo, the Chief Executive Officer and a shareholder of TGL. In return, the Company is obligated to remit monthly installment auto loan payment related to this vehicle on behalf of the related party mentioned above. The total amount of loan that the Company is entitled to repay is approximately $27,000 (RM 114,000). The auto loan bear 5.96% of interest rate per annum with 60 equal monthly installment payment due on the first of each month. As of March 31, 2026 and June 30, 2025, such loan has an outstanding balance of $0 and $5,134.

The interest expense was $173 and $414 for the three and nine months ended March 31, 2026, respectively. The interest expense was $307 and $630 for the three and nine months ended March 31, 2025, respectively.

 

Related party transactions  

 

Operating expenses from related parties

 

        

For the Three Months Ended

   For the Nine Months Ended 
         March 31,   March 31, 
Name of Related Party  Relationship  Nature  2026   2025   2026   2025 
         (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited) 
Ezytronic Sdn Bhd  Jau Long “Jerry” Ooi is a common shareholder  Operating expense   
             -
    494    
                   -
    7,864 
Total        $
-
   $494   $
-
   $7,864