| Schedule of Financial Assets Measured at Fair Value Through Other Comprehensive Income |
| | |
December 31,
2024 | | |
December 31,
2025 | |
| | |
US$ | | |
US$ | |
| | |
| | |
| |
| At beginning of year | |
| 8,582,863 | | |
| 28,547,482 | |
| Addition | |
| 47,710,805 | | |
| 43,966,372 | |
| Disposal of controlling interest in subsidiaries | |
| 71,589 | | |
| (17,815,915 | ) |
| Disposals | |
| (17,301,642 | ) | |
| (5,116,938 | ) |
| Fair value adjustment | |
| (10,196,302 | ) | |
| (32,067,446 | ) |
| Currency realignment | |
| (319,831 | ) | |
| - | |
| At end of year | |
| 28,547,482 | | |
| 17,513,555 | |
| |
|
December 31,
2024 |
|
|
December 31,
2025 |
|
| |
|
US$ |
|
|
US$ |
|
| Quoted securities |
|
|
|
|
|
|
| - Founder Group Limited |
|
|
903,000 |
|
|
|
- |
|
| |
|
|
903,000 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Unquoted securities |
|
|
|
|
|
|
|
|
| - GlobexUS Holdings Corp (1) |
|
|
1,500,000 |
|
|
|
- |
|
| - Sagtec Global Limited (2) |
|
|
1,688,000 |
|
|
|
- |
|
| - Reveillon Group Limited (3) |
|
|
24,356,482 |
|
|
|
17,513,555 |
|
| - Marvis (4) |
|
|
100,000 |
|
|
|
- |
|
| |
|
|
27,644,482 |
|
|
|
17,513,555 |
|
| |
|
|
28,547,482 |
|
|
|
17,513,555 |
|
| (1) | In
May 2023, the Company acquired 500 ordinary shares from Globexus Holding Corp via a share-swap arrangement, valued at US$ 1,500,000. |
| (2) | In
October 2023, the Company received a total of 800,000 ordinary shares from Sagtec Global Limited as part of the consideration for the
Company’s business consultancy services rendered valued at US$ 1,600,000. On March 07, 2025, the Company received a total of 529,200
ordinary shares from Sagtec Global Limited as part of consideration for the Company’s business consultancy services rendered. From
April 28, 2025 to September 12, 2025 the Company disposed of all the shares to third party for a US$2,718,800 and recognized a loss on
disposal for US$1,086,000. |
| (3) | In December 2024, the Company acquired approximately 13% (previously 32%, percentage reduce due to share split), or 8,118,827 ordinary shares, in Reveillon Group Limited, an entity incorporated in the British Virgin Islands, valued at US$ 24,356,481.On March 3, 2025, the company acquired additional 13,130,000 ordinary shares or approximately 20.2% in Revellion Group Limited, valued at US$39,390,000. On December 30, 2025, the company disposed a total of 5,118,827 valued at US$15,356,481 through disposal of its’ subsidiaries, Credilab Technology Sdn Bhd. As at December 31, 2025, total investment in Reveillon Group Limited left approximately 24.8% which is 16,130,000 total of ordinary shares. |
| (4) | On
December 20, 2024, the Company acquired approximately 0.3% of ownership interest in Marvis Inc, an entity incorporated in Delaware, valued
at US$ 100,000. |
|
| Schedule of Unobservable Inputs used in the Fair Value Measurements |
The
significant unobservable inputs used in the fair value measurements categorized within Level 3 of the fair value hierarchy, together
with a quantitative sensitivity analysis as of December 31, 2024 and 2025 are shown below:
| As of December 31, 2025 | | | | | | | | Revenue and cost of sales | | 10% declined in the revenue and cost of sales would reduce the fair
value approximately US$11,080,907 | | | | | | Gross Profit (“GP”) Margin | | GP margin reduced by 100 basic point would have resulted in the fair
value to reduce approximately US$43,085,303 | | | | | | Weighted Average Cost of Capital (“WACC”) | | 100 basis points increase in the WACC would result in a decrease in
the fair value approximately US$40,667,327 |
| As of December 31, 2024 | | | | | | | | Revenue and cost of sales | | 5% declined in the revenue and cost of sales would reduce the fair value approximately MYR297,000 to MYR1,072,000 | | | | | | Gross Profit (“GP”) Margin | | GP margin reduced by 5% would have resulted in the fair value to reduce approximately MYR1,502,000 | | | | | | Weighted Average Cost of Capital (“WACC”) | | 100 basis points increase in the WACC would result in a decrease in the fair value approximately MYR250,000 | | | | | | Price Earnings (“P/E”) Multiples | | 10% discount on the P/E multiples would result in a decrease in the fair value approximately MYR929,000 |
|