INVESTMENTS IN EQUITY SECURITIES

6 Months Ended

Jun. 30, 2025

INVESTMENTS IN EQUITY SECURITIES

INVESTMENTS IN EQUITY SECURITIES

NOTE 7 – INVESTMENTS IN EQUITY SECURITIES

	As of
	June 30,			December 31,
	2025			2024
As of beginning of the period/year	$	1,265,166		$	1,699,831
Addition during the period/year		-			492,732
Disposal during the period/year		-			(1,030,368	)
Fair value (loss)/gain		(91,243	)		69,476
Foreign exchange translation		74,765			33,495
As of end of the period/year	$	1,248,688		$	1,265,166

For the six month period ended June 30, 2025 and 2024, the net fair value (loss)/gains on the investments in equity securities were $(91,243) and $72,884 recorded in administrative expenses and other income of the Consolidated Statements of Operations and Comprehensive Income/(Loss).  

The investments in equity securities consist of the following shares:
	As of
	June 30,		December 31,
	2025		2024
Investment in equity securities with readily determined fair value (1):
Malaysia		836,662		863,810
Singapore		174,520		177,808
	$	1,011,182	$	1,041,618
Investment in equity securities without readily determined fair value:
Malaysia		237,506		223,548
	$	1,248,688	$	1,265,166

(1) The Company’s investment in equity securities is measured at fair value on a recurring basis. These equity securities are classified as Level 1 in the fair value hierarchy, as the fair value is determined using quoted market prices in active markets for identical assets. Specifically, the stock prices of these securities are readily available on the stock exchange, providing a reliable and observable input to the fair value measurement.

As these securities are actively traded, the quoted prices in the market are considered to be the most reliable indicator of fair value. No significant adjustments are made to these prices, as they reflect current market conditions at the measurement date.