Bank Borrowings |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Dec. 31, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bank Borrowings [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Bank borrowings | 13. Bank borrowings
On August 29, 2023, the Group entered into a borrowing agreement with a financial institution in Malaysia to borrow MYR 69,000, which bears a fixed rate of 3.55% per annum and with maturity date on August 29, 2028. As of December 31, 2024, the secured bank borrowing amounted to MYR 53,029 was secured by charge over a motor vehicle of the Group.
On November 10, 2025, the Group entered into two borrowing agreements with a financial service provider in Malaysia to borrow MYR 808,000 (USD 199,211), which bears a fixed rate of 4.78% per annum and with maturity date on November 10, 2030.
As of December 31, 2025, the secured bank borrowing amounted to MYR 841,815 (USD 207,548) was secured by charge over three motor vehicles of the Group (note 5).
For the year ended December 31, 2025, interest related to the bank borrowings amounted to MYR 9,424 (USD 2,323) (2024: MYR 4,056). |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||