v3.26.3
RELATED PARTY TRANSACTIONS (Tables)
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES

 

   2026   2025 
Nature of transactions  Six Months ended June 30, 
   2026   2025 
   $’000   $’000 
         
Sale of products          
- Spare-Parts Zone (Australia) Pty Ltd(2)   311    400 
- Branded Filters Pty Ltd(2)    181    301 
- Jurong Barrels & Drums Industries Pte. Ltd.(1)   5    -
- Auto Saver Pte. Ltd.(3)    95    130 
- PT Heavy Machindo Diesel(2)    622    296 
- Oceania Power & Solutions Pty Ltd(2)   477    12 
- Soon Aik Global Pte. Ltd.(3)   -    1 
Sale of products          
Sundry income          
- Soon Aik Global Pte. Ltd.(3)   1    - 
- EU Group Pte. Ltd.(1)    2    - 
- Oceania Power & Solutions Pty Ltd(2)   -    

12

 
- PT Heavy Machindo Diesel(2)    -    2 
           
Purchases          
- Branded Filters Pty Ltd(2)    -    147 
- PT Heavy Machindo Diesel(2)    383    643 
- Oceania Power & Solutions Pty Ltd(2)   533    12 
- Auto Saver Pte. Ltd.(3)    1    1 
Expenses          
- EU Group Pte. Ltd.(1)    338    275 
- Branded Filters Pty Ltd(2)    - *    - * 
- Soon Aik Global Pte. Ltd.(3)    192    89 
- Auto Saver Pte. Ltd.(3)    109    124 
- N-United Pte Ltd(2)    30    18 
- Fleetzone Autoparts (M) Sdn. Bhd.(3)   29    14 

 

  * These are related to the figures which are immaterial.

 

The related parties are controlled by the common directors of the Company as follows:

 

  (1) Jimmy Neo owns a 50.0% equity stake in EU Holdings Pte. Ltd., which in turn is the parent entity of EU Group Pte. Ltd. and Jurong Barrels & Drums Industries Pte. Ltd..
  (2) CE Neo is the sole owner of Soon Aik Holdings Pte. Ltd. (“SA Holdings”) and N-United Pte. Ltd. (“N-United”). SA Holdings is the parent entity of Spare-Parts Zone (Australia) Pty Ltd. Branded Filters Pty Ltd, and an associated entity with Oceania Power & Solutions Pty Ltd. in Australia. N-United is the parent entity of PT Heavy Machindo Diesel in Indonesia and Kiwami Corporation in Japan
  (3) Soon Aik, the parent entity of the Company and is also the parent entity of Auto Saver Pte. Ltd. and Fleetzone Autoparts (M) Sdn. Bhd..