Disposal of Subsidiaries |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disposal of Subsidiaries [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DISPOSAL OF SUBSIDIARIES |
On May 11, 2026, the Company disposed of V Gallant (Singapore) Pte Ltd (VGSG)’s equity interest, a wholly owned subsidiary principally engaged in trading of high-performance servers and information technology hardware, to Mr Hoo Voon Him for a total consideration of SGD300,000. Upon completion of the disposal, the Company ceased to control VGSG and, accordingly, deconsolidated the subsidiary from that date.
The assets and liabilities of VGSG at the date of disposal were as follows:
The gain on disposal is calculated as below:
The gain on disposal has been recognised in other income in the consolidated statement of profit or loss and other comprehensive income. |
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