DEPOSITS PAID, PREPAYMENT AND OTHER RECEIVABLES |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deposits Paid Prepayment And Other Receivables | |||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DEPOSITS PAID, PREPAYMENT AND OTHER RECEIVABLES | 6. DEPOSITS PAID, PREPAYMENT AND OTHER RECEIVABLES
Deposits paid, prepayment and other receivables consisted of the following as of June 30, 2026 and December 31, 2025:
As of December 31, 2025, the other receivable represents proceed from disposal of the subsidiaries receivable from the former Chief Executive Officer, Chief Financial Officer, President, Secretary, Treasurer and Director, Mr. Chin Chee Seong (refer Note 13).
On March 31, 2026, the Company waived the other receivable of $4,742 due from Mr. Chin Chee Seong related to the disposal of subsidiaries on October 28, 2025, as the Board determined collection costs would exceed the recovery value.
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