HIRE PURCHASE

6 Months Ended

Jun. 30, 2024

Hire Purchase

HIRE PURCHASE

10. HIRE PURCHASE

On April 30, 2021, the Company through subsidiary acquired a motor vehicle amounted $69,148 financed by $36,006 hire purchase loan for 36 months at a fixed flat rate of 1.88% per annum with first installment commencing June 5, 2021 and monthly installment amounted approximately $1,063. Remaining balance finance through cash in hand.

For the six months ended June 30, 2024, the Company repaid $4,615 in hire purchase loan with no outstanding amount as of June 30, 2024.

Maturities of the loan for the remaining one year are as follows:

Year ending December 31
2024	$	-
Total	$	-