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RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2024
Related Party Transactions [Abstract]  
SCHEDULE OF NATURE OF TRANSACTIONS

 

   2024   2023   2022 
   Financial Years ended December 31, 
   2024   2023   2022 
Nature of transactions  US$’000   US$’000   US$’000 
             
P4 Engineering Industrial Pte Ltd(1)               
- Sale of goods   47    150    - 
- Purchases of goods   443    677    888 
- Land rental   450    452    404 
- Utilities   60    59    57 
- Loan interest income   91    21    - 
- Sale of Property, Plant & Equipment   106    -    - 
                
MWE Investment Pte Ltd(2)               
- Sale of goods   -    -    11 
                
Yin Zhan Holding Pte Ltd(3)               
- Purchases of goods   -    -    413 
- Other services income   -    7    - 
                
Loan from director               
- James Lim Eng Hock   52    9,881    - 
- Lee Noi Geck   37    -    - 

 

These related parties are controlled by the common directors and officers of the Company.

 

(1) Mr. James Lim, Ms. Lee NG and Ms. Maggie Lim are the directors of P4 Engineering Industrial Pte Ltd. Mr. James Lim and Ms. Lee NG are the shareholders and they hold 100% in P4 Engineering Industrial Pte Ltd.
(2) Mr. James Lim, Ms. Lee NG and Ms. Maggie Lim are the directors, and they are also the shareholders and hold 88% stake in MWE Investment Pte Ltd.
(3) Mr. James Lim is the director and shareholder, and he holds 51% stake in Yin Zhan Holding Pte Ltd.