v3.26.3
Significant Related Party Transactions
 6 Months Ended
Jun. 30, 2026
Significant Related Party Transactions [Abstract]  
SIGNIFICANT RELATED PARTY TRANSACTIONS
30 SIGNIFICANT RELATED PARTY TRANSACTIONS

 

Related companies in these financial statements refer to members of the ultimate holding company’s group of companies.

 

Some of the Company’s transactions and arrangements are between members of the Company and the effect of these on the basis determined between the parties is reflected in these financial statements. The intercompany balances are unsecured, interest-free and repayable on demand, unless otherwise stated.

 

    June 30,
2026		     December 31,
2025		  
    US$     US$  
Balance with related parties (common shareholders)            
             
Non-trade receivables            
V Capital Consulting Group Limited     102,743       -  
V Capital Real Estate Limited     6,683       -  
V Gallant (Singapore) Pte Ltd     16,199       -  
VCI Energy Limited     11,998       -  
VHKL Private Capital Limited (known as VCI Global Brands Limited)     65,829,909       62,833,133  
                 
Total amount due from related parties     65,967,532       62,833,133  
                 
Non-trade payables                
                 
Hoo Voon Him     67,270       392,983  
Credilab Sdn Bhd     2,080       -  
V Capital Consulting Limited     176,671       -  
VH Motion Sdn Bhd (f.k.a Helix Robotics Sdn Bhd)     2,090       -  
V Capital Sdn Bhd     490       -  
Elmu Higher Education Sdn Bhd     62,716       63,101  
                 
Total amount due to related parties     311,317       456,084  

 

Amount due from /(to) related parties are not expected to be repaid within the next 12 months.

 

The following represents the significant related party transactions for the year ended December 31, 2025, and six months ended June 30, 2026.

 

                June 30,
2026		     December 31,
2025		  
    Relationship   Nature   Description   US$     US$  
V Capital Consulting Group Limited   Common shareholder   Non-trade nature   Advances paid from VCI Global Limited     102,743       -  
V Capital Real Estate Limited   Common shareholder   Non-trade nature   Advances paid from VCI Global Limited     6,683       -  
V Gallant (Singapore) Pte Ltd   Common shareholder   Non-trade nature   Advances paid from VCI Global Limited     16,199       -  
VCI Energy Limited   Common shareholder   Non-trade nature   Advances paid from VCI Global Limited     11,998       -  
Hoo Voon Him   Director   Non-trade nature   Advance receipt from Director     (67,270 )     (392,983 )
Credilab Sdn Bhd   Common shareholder   Non-trade nature   Advances paid by Credilab Sdn Bhd     (2,080 )     -  
V Capital Consulting Limited   Common shareholder   Non-trade nature   Advances paid by V Capital Consulting Limited     (176,671 )     -  
VH Motion Sdn Bhd (f.k.a Helix Robotics Sdn Bhd)   Common shareholder   Non-trade nature   Advances paid by V Capital Quantum Sdn Bhd     (2,090 )     -  
V Capital Sdn Bhd   Common shareholder   Non-trade nature   Advances paid by V Capital Sdn Bhd     (490 )     -  
VHKL Private Capital Limited   Common shareholder   Non-trade nature   Disposal of subsidiaries     65,829,909       62,833,133  
Elmu Higher Education Sdn Bhd   Common shareholder   Non-trade nature   Advance paid by Elmu Higher Education Sdn Bhd     (62,716 )     (63,101 )