XML 45 R16.htm IDEA: XBRL DOCUMENT v3.25.3
Bank Borrowings
 12 Months Ended
Jun. 30, 2025
Bank Borrowings [Abstract]  
Bank borrowings

(9) Bank borrowings

 

Outstanding balances of banks borrowings as of June 30, 2025 and 2024 consisted of the following:

 

   As of June 30, 
   2025   2024 
   $   $ 
Bank borrowings:        
Guaranteed   2,734,186    3,157,475 
Collateralized and guaranteed   3,374,366    2,425,190 
    6,108,552    5,582,665 

The details of bank borrowings as at June 30, 2025 and 2024 are as follows:

 

      Maturity     Weighted-average
interest rate		   As of June 30, 
Lender  Type  date  Currency  2025   2024   2025   2024 
DBS Bank Hong Kong Limited  Bank borrowing  November 2027  HKD   
-
    7.31%   
-
   $1,800,902 
Bank of China (Hong Kong) Limited  Bank borrowing  June 2027  HKD   3.61%   6.96%  $6,108,552    2,821,221 
Hang Sang Bank Limited  Bank borrowing  July 2024  HKD   
-
    6.93%   
-
    960,542 
                              
Total bank borrowings                     $6,108,552   $5,582,665 

 

   Carrying
value		   Within 1
year or on
demand		   2025   2026   2027   Thereafter 
   $   $   $   $   $   $ 
Loan type of HKD currency                        
June 30, 2024   5,582,665    5,582,665    
-
    
-
    
-
    
-
 
    5,582,665    5,582,665    
-
    
-
    
-
    
-
 

  

   Carrying
value		   Within 1
year or on
demand		   2025   2026   2027   Thereafter 
   $   $   $   $   $   $ 
Loan type of HKD currency                        
June 30, 2025   6,108,552    6,108,552    
-
    
-
    
-
    
-
 
    6,108,552    6,108,552    
-
    
-
    
-
    
-
 

 

The average bank borrowings rates for the years ended June 30, 2025, 2024 and 2023 were 6.62%, 7.07%and 5.69%, respectively.

 

As of June 30, 2025, and 2024, the Company had bank borrowings of US$6,108,552 and US$5,582,665, respectively, which contained repayment on demand clauses. Accordingly, portions of the bank borrowings with Bank of China (Hong Kong) Limited contractually due for repayment after one year as of June 30, 2025 and 2024 with carrying amounts of US$ 3,374,366 and US$2,425,190, respectively, were classified as current liabilities. For the purpose of the illustration, such bank borrowing is included within short-term bank borrowings and showed as bank borrowings repayable within one year or on demand.

 

Total interest for the bank borrowings for the years ended June 30, 2025, 2024 and 2023 was US$ 354,444, US$850,614 and US$684,358, respectively.

Saved to the above disclosure, the following table represent other major loan covenants of aforementioned bank loans:

 

  (i) guarantees given by certain shareholders namely Mr. Lai Yau Chuen, Mr. Lai Yau Fai, Mr. Lai Yau Chi and Mr. Lai Yau Sang as of June 30, 2024. These guarantees were released by the bank as of June 30, 2025.

 

  (ii) guarantees given by certain related companies controlled by the shareholders namely Wah Tong Paper Products Factory Limited and Yee Woo Paper Packaging (China) Company Limited as of June 30, 2025 and 2024. These guarantees were released by the bank as of June 30, 2025.

 

(iii)The Company previously pledged a leasehold land in Huizhou, China as of June 30, 2024, 2023 and 2022. The pledge was released in 2025.