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OTHER INVESTMENTS
9 Months Ended
Sep. 30, 2021
OTHER INVESTMENTS  
NOTE 8 - OTHER INVESTMENTS

NOTE 8 - OTHER INVESTMENTS

 

 

 

As of

 

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

As of beginning of the year

 

$281,668

 

 

$12,215

 

Acquisition of business under common control

 

 

-

 

 

 

147,882

 

Addition during the year

 

 

432,293

 

 

 

108,631

 

Disposal during the year

 

 

(6,414)

 

 

(34,923)

Fair value (loss)/gain

 

 

(19,952)

 

 

38,742

 

Foreign exchange translation

 

 

(16,813)

 

 

9,121

 

As of end of the year

 

$670,782

 

 

$281,668

 

 

The other investments consists of the following shares:

 

 

 

As of

 

 

 

September 30,

 

 

December 31,

 

 

 

2021

 

 

2020

 

Investment in quoted shares:

 

 

 

 

 

 

Malaysia

 

 

515,476

 

 

 

279,724

 

Singapore

 

 

97,012

 

 

 

-

 

Hong Kong

 

 

56,428

 

 

 

-

 

 

 

$668,916

 

 

$279,724

 

Investment in unquoted shares:

 

 

 

 

 

 

 

 

Malaysia

 

 

1,866

 

 

 

1,944

 

 

 

$670,782

 

 

$281,668