PROPERTY, PLANT AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2025

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

6. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net, consists of the following:

	December 31,
	December 31, 2024			June 30, 2025			June 30, 2025
	SGD’000			SGD’000			USD’000
Leasehold buildings		2,948			2,948			2,318
Leasehold improvements		910			910			715
Plant and machinery		4,380			4,380			3,444
Equipment, furniture and fittings		2,883			3,005			2,363
Subtotal		11,121			11,243			8,840
Less: accumulated depreciation		(7,063	)		(7,400	)		(5,819	)
Property, plant and equipment, net		4,058			3,843			3,021

Depreciation of property, plant and equipment expense was approximately SGD335 thousand and SGD337 thousand (US$265 thousand) for the six-month periods ended June 30, 2024 and 2025, respectively.

Leasehold buildings are pledged with a bank to secure bank loans (Note 9).