AMOUNTS DUE TO RELATED PARTIES

12 Months Ended

Dec. 31, 2024

Amounts Due To Related Parties

AMOUNTS DUE TO RELATED PARTIES

NOTE－11 AMOUNTS DUE TO RELATED PARTIES

Amounts due to related parties consisted of the following:

	As of December 31,
	2024		2023
	US$’000		US$’000
Due to related parties
- Yin Zhan Holdings Pte Ltd(1)		578		582
Due to directors		14,497		14,517
		15,075		15,099

The entities are related parties of the Company as follows:

(1) Mr. James Lim is the director and shareholder, and he holds 51% stake in Yin Zhan Holding Pte Ltd.

The amounts due to related parties are unsecured, interest-free and repayable on demand.

The amount due to Directors bear an interest rate of 4.88% per annum, effective January 1, 2024. The loan is unsecured and repayable on demand.