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

6. PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, plant and equipment, net, consists of the following:

 

   December 31, 2025   June 30, 2026   June 30, 2026 
   December 31, 
   December 31, 2025   June 30, 2026   June 30, 2026 
   SGD’000   SGD’000   USD’000 
Leasehold building   2,948    2,948    2,278 
Leasehold improvements   1,008    1,017    786 
Plant and machinery   2,127    2,386    1,844 
Equipment, furniture and fittings   2,311    2,482    1,918 
Motor vehicles   161    456    352 
Subtotal   8,555    9,289    7,178 
Less: accumulated depreciation   (4,820)   (5,130)   (3,964)
Property, plant and equipment, net   3,735    4,159    3,214 

 

Depreciation of property, plant and equipment expense was approximately SGD337 thousand and SGD323 thousand (US$250 thousand) for the six-month periods ended June 30, 2025 and 2026, respectively.

 

Leasehold building is pledged with a bank to secure bank loans (see Note 8).