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Significant Related Party Transactions (Tables) | 6 Months Ended
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Jun. 30, 2024
Significant Related Party Transactions [Abstract] |
Schedule of Balance with Related Parties (Common Shareholders) | Some of the Group’s transactions and arrangements are between members of the Group and the effect of these on the basis determined between the parties is reflected in these financial statements. The intercompany balances are unsecured, interest-free and repayable on demand, unless otherwise stated.
|  | December 31, 2023 |  |  | June 30, 2024 |
|  | RM |  |  | RM |  |  | USD |
Balance with related parties (common shareholders) |  |  |  |  |  |  |  |  |
Trade receivables |  |  |  |  |  |  |  |  |
Hoo Voon Him |  |  | 988,191 |  |  |  | 1,015,731 |  |  |  | 215,325 |
Reveillon Group Sdn Bhd |  |  | 150,001 |  |  |  | 3,117,164 |  |  |  | 660,808 |
V Invesco Sdn Bhd |  |  | 1,361,127 |  |  |  | 1,399,060 |  |  |  | 296,587 |
|  |  | 2,499,319 |  |  |  | 5,531,955 |  |  |  | 1,172,720 |
Loans, Advances and Financing |  |  |  |  |  |  |  |  |  |  |  |
Reveillon Group Sdn Bhd |  |  | 1,338,583 |  |  |  | 17,449,362 |  |  |  | 3,699,094 |
XVI Troika Sdn Bhd |  |  | 1,480,867 |  |  |  | 2,615,383 |  |  |  | 554,435 |
Reveillon Group Limited |  |  | - |  |  |  | 48,017 |  |  |  | 10,179 |
|  |  | 2,819,450 |  |  |  | 20,112,762 |  |  |  | 4,263,708 |
Total amount due from related parties |  |  | 5,318,769 |  |  |  | 25,644,717 |  |  |  | 5,436,428 |
Non-trade payables |  |  |  |  |  |  |  |  |  |  |  |
Hoo Voon Him |  |  | 204,469 |  |  |  | - |  |  |  | - |
Noraini |  |  | 930,890 |  |  |  | - |  |  |  | - |
V Capital Sdn Bhd |  |  | 165,000 |  |  |  | - |  |  |  | - |
Amount due to related parties |  |  | 1,300,359 |  |  |  | - |  |  |  | - |
Schedule of Significant Related Party Transactions | The following represents the significant related party transactions for the years ended June 30, 2023 and 2024.
|  |  |  |  |  |  |  | For the period ended June 30, 2023 |  |  | For the period ended June 30, 2024 |
|  | Relationship |  | Nature |  | Description |  | RM |  |  | RM |  |  | USD |
V Capital Sdn Bhd |  | Common shareholder |  | Trade nature |  | Purchase of services |  |  | 62,257 |  |  |  | - |  |  |  | - |
V Invesco Sdn Bhd |  | Common shareholder |  | Trade nature |  | Purchase of services |  |  | 55,500 |  |  |  | - |  |  |  | - |
V Capital Sdn Bhd |  | Common shareholder |  | Non-trade nature |  | Advances paid by V Capital Sdn Bhd |  |  | (327,307 | ) |  |  | - |  |  |  | - |
V Capital Sdn Bhd |  | Common shareholder |  | Non-trade nature |  | Advances paid to V Capital Sdn Bhd |  |  | - |  |  |  | 165,000 |  |  |  | 34,978 |
V Invesco Sdn Bhd |  | Common shareholder |  | Non-trade nature |  | Advances paid by V Invesco Sdn Bhd |  |  | (10,000 | ) |  |  | - |  |  |  | - |
V Invesco Sdn Bhd |  | Common shareholder |  | Trade nature |  | Sale of services |  |  | - |  |  |  | - |  |  |  | - |
V Invesco Fund (L) Limited |  | Common shareholder |  | Non-trade nature |  | Advances paid by V Invesco Fund (L) Limited |  |  | (5,093 | ) |  |  | - |  |  |  | - |
V Consortium Sdn Bhd |  | Common shareholder |  | Non-trade nature |  | Advances paid by V Consortium Sdn Bhd |  |  | (56,058 | ) |  |  | - |  |  |  | - |
Hoo Voon Him |  | Director |  | Non-trade nature |  | Advance paid to Director |  |  | - |  |  |  | 204,469 |  |  |  | 43,345 |
Noraini Binti Aripin |  | Director |  | Non-trade nature |  | Advance receipt from Director |  |  | (1,152,464 | ) |  |  | - |  |  |  | - |
Vincent Hong |  | Director |  | Non-trade nature |  | Advance receipt from Director |  |  | (466,783 | ) |  |  | - |  |  |  | - |
Noraini Binti Aripin |  | Director |  | Non-trade nature |  | Advance paid to Director |  |  | - |  |  |  | 930,890 |  |  |  | 197,340 |
Reveillon Group Sdn Bhd |  | Common Director |  | Trade nature |  | Sale of financing services |  |  | - |  |  |  | (147,489 | ) |  |  | (31,266 | )
Reveillon Group Sdn Bhd |  | Common Director |  | Trade nature |  | Sale of consultancy services |  |  | - |  |  |  | (2,962,982 | ) |  |  | (628,123 | )
XVI Troika Sdn Bhd |  | Common Director |  | Trade nature |  | Sale of financing services |  |  | - |  |  |  | (154,135 | ) |  |  | (32,675 | )
Reveillon Group Limited |  | Common Director |  | Trade nature |  | Sale of financing services |  |  | - |  |  |  | (3,656 | ) |  |  | (775 | )

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