v3.26.3
PROPERTY AND EQUIPMENT, NET
 6 Months Ended
Jun. 30, 2026
Property, Plant, and Equipment [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE－7 PROPERTY AND EQUIPMENT, NET

 

Property and equipment consisted of the following:

 

   As of June 30, 2026   As of December 31, 2025 
   $’000   $’000 
         
At cost          
Leasehold buildings   1,523    1,533 
Leasehold improvement   184    186 
Tools and equipment   52    52 
Furniture, fixtures and fittings   266    267 
Office equipment   37    37 
Computer equipment   75    76 
Motor vehicles   1,064    1,012 
Air-conditioner   64    65 
Machinery equipment   1,286    1,294 
           
Property and equipment, gross   4,551    4,522 
Less: accumulated depreciation   (2,581)   (2,393)
           
Property and equipment, net   1,970    2,129 

 

Depreciation expense for the six months ended June 30, 2026 and 2025 were approximately $0.2 million and approximately $0.2 million, respectively.

 

Property and equipment under finance leasing arrangements classified under motor vehicles as of June 30, 2026 and December 31, 2025 amounted to approximately $0.2 million and approximately $1.1 million, respectively. Details of such leased assets are disclosed in Note 10.