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RELATED PARTIES TRANSACTIONS
6 Months Ended
Jun. 30, 2020
RELATED PARTIES TRANSACTIONS  
5. RELATED PARTIES TRANSACTIONS

Due from related parties consists of the following:

 

 

 

June 30,

 

 

December 31,

 

 

 

 

 

 

2020

 

 

2019

 

 

Purpose

 

Global Bizrewards Sdn. Bhd.

 

$

235,671

 

 

$

274,413

 

 

Advance

 

Koperasi Usahawan

 

 

103,709

 

 

 

105,382

 

 

Advance

 

Global Patronage Sdn Bhd

 

 

13,897

 

 

 

14,121

 

 

Advance

 

Yaya Media Sdn Bhd

 

 

1,828

 

 

 

266

 

 

Advance

 

SKH Media Sdn. Bhd.

 

 

42,725

 

 

 

-

 

 

Advance

 

Hipland Realty Sdn. Bhd.

 

 

4,328

 

 

 

4,398

 

 

Advance

 

Total Due from

 

 

402,158

 

 

 

398,580

 

 

 

 

 

Due to related parties consists of the following:

 

 

 

June 30,

 

 

December 31,

 

 

 

 

 

 

2020

 

 

2019

 

 

Purpose

 

Dato Sri Warren Eu Hin Chai

 

$

599,144

 

 

$

896,867

 

 

Capital Advance

 

Michael A. Zahorik

 

 

30,307

 

 

 

30,307

 

 

Capital Advance

 

SKH Media Sdn. Bhd.

 

 

-

 

 

 

56,036

 

 

Capital Advance

 

Total Due to

 

 

629,451

 

 

 

983,210

 

 

 

 

 

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

SKH Media Sdn. Bhd.

Related by common director, Dato’ Sri Eu Hin Chai

Dato Sri Warren Eu Hin Chai

Director & Shareholder of the Company

Koperasi Usahawan

 

Related by common director, Dato’ Sri Eu Hin Chai

Global Patronage Sdn Bhd

 

Related by common director, Dato’ Sri Eu Hin Chai

Yaya Media Sdn Bhd

 

Related by common director, Dato’ Sri Eu Hin Chai

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.