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RELATED PARTIES TRANSACTIONS
9 Months Ended
Sep. 30, 2019
RELATED PARTIES TRANSACTIONS  
Note 5. RELATED PARTIES TRANSACTIONS

Due from related parties consists of the following:

 

 

September 30,

 

December 31,

 

2019

 

2018

 

Purpose

 

Global Bizrewards Sdn. Bhd.

 

$

282,384

 

$

301,963

 

Advance

 

M1 Tech Sdn. Bhd.

 

-

 

24,747

 

Advance

 

Sportlight Academy Sdn. Bhd.

 

-

 

12,557

 

Advance

 

M1Elite Sdn. Bhd.

 

-

 

15,827

 

Advance

 

Hipland Realty Sdn. Bhd.

 

4,303

 

4,313

 

Advance

 

Total Due from

 

286,687

 

359,407

 

Due to related parties consists of the following:

 

 

September 30,

 

December 31,

 

2019

 

2018

 

Purpose

 

Dato Sri Warren Eu Hin Chai

 

$

895,660

 

$

885,562

 

Capital Advance

 

Michael A. Zahorik

 

30,307

 

30,307

 

Capital Advance

 

SKH Media Sdn. Bhd.

 

-

 

163,243

 

Capital Advance

 

Total Due to

 

925,967

 

1,079,112

 

The related parties’ relationship to the Company as follows:

 

Name

Relationship

Michael A. Zahorik

 

Former director

Global Bizrewards Sdn. Bhd.

Related by common director, Dato’ Sri Eu Hin Chai

M1 Tech Sdn. Bhd.

 

Related by common director, Dato’ Sri Eu Hin Chai

Sportlight Academy Sdn. Bhd.

 

Related by common director, Dato’ Sri Eu Hin Chai

M1Elite Sdn. Bhd.

 

Related by common director, Dato’ Sri Eu Hin Chai

SKH Media Sdn. Bhd.

Related by common director, Dato’ Sri Eu Hin Chai

Dato Sri Warren Eu Hin Chai

Director & Shareholder of the Company

Hipland Realty Sdn. Bhd.

 

Related by common director, Dato’ Sri Eu Hin Chai

 

The amounts due from or due to related parties’ were unsecured, non-interest bearing, and due on demand.

 

The Company leased an office space from SKH Media Sdn. Bhd. The rent expenses were $nil and $15,243 for the nine months ended September 30, 2019 and 2018, respectively.