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AMOUNT DUE TO RELATED PARTY
12 Months Ended
Mar. 31, 2024
Related Party Transactions [Abstract]  
AMOUNT DUE TO RELATED PARTY

10. AMOUNT DUE TO RELATED PARTY

 

As of March 31, 2023, the Company has an outstanding loan payable to Mr. Leong Will Liam amounted $1,325,308, of which including an amount due to Synergy Empire HK, amounted $24,822. For the year ended March 31, 2024, Mr. Leong Will Liam has further advanced $48,361 to the Company for working capital purpose.

 

Both aforementioned loans are unsecured, non-interest bearing and payable on demand.

 

Amount due to related party Mr. Leong Will Liam    
Balance as of March 31, 2023  $1,300,486 
Loan from related party   48,361 
Amount advance to related party due to disposal of subsidiaries   

(912,344

)
Foreign currency translation   (59,659)
Balance as of March 31, 2024  $376,844 
Balance as of March 31, 2024 – Amount due to Synergy Empire HK   24,822 
Balance as of March 31, 2024 – Total amount due to related party  $401,666