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Financial Assets Measured at Fair Value Through Other Comprehensive Income (Tables) | 6 Months Ended
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Jun. 30, 2024
Financial Assets Measured at Fair Value Through Other Comprehensive Income [Abstract] |
Schedule of Financial Assets Measured at Fair Value Through Other Comprehensive Income |
|  | December 31, 2023 |  |  | June 30, 2024 |
|  | RM |  |  | RM |  |  | USD |
At beginning of year |  |  | 12,819,747 |  |  |  | 38,368,829 |  |  |  | 8,133,814 |
Addition |  |  | 50,492,301 |  |  |  | 26,888,040 |  |  |  | 5,700,000 |
Disposal |  |  | (27,423,012 | ) |  |  | (14,548,082 | ) |  |  | (3,084,050 | )
Fair value adjustment |  |  | 2,378,581 |  |  |  | (7,018,825 | ) |  |  | (1,487,922 | )
Currency realignment |  |  | 101,212 |  |  |  | 685,966 |  |  |  | 145,418 |
At end of year |  |  | 38,368,829 |  |  |  | 44,375,928 |  |  |  | 9,407,260 |
|  | December 31, 2023 |  |  | June 30, 2024 |
|  | RM |  |  | RM |  |  | USD |
Listed equity security |  |  |  |  |  |  |  |  |
- Treasure Global Inc. |  |  | 36 |  |  |  | 13 |  |  |  | 3 |
- YY Group Holding Limited |  |  | - |  |  |  | 2,449,441 |  |  |  | 519,257 |
|  |  | 36 |  |  |  | 2,449,454 |  |  |  | 519,260 |
Unlisted equity securities |  |  |  |  |  |  |  |  |  |  |  |
- Sagtec Global Limited |  |  | 7,746,738 |  |  |  | 7,962,634 |  |  |  | 1,688,000 |
- YY Group Holding Limited |  |  | 23,738,105 |  |  |  | - |  |  |  | - |
- GlobexUS Holdings Corp |  |  | 6,883,950 |  |  |  | 7,075,800 |  |  |  | 1,500,000 |
- Fintech Scion Limited |  |  | - |  |  |  | 26,888,040 |  |  |  | 5,700,000 |
|  |  | 38,368,793 |  |  |  | 41,926,474 |  |  |  | 8,888,000 |
|  |  | 38,368,829 |  |  |  | 44,375,928 |  |  |  | 9,407,260 |
Schedule of Fair Value Measurements Categorized within Level 2 of the Fair Value Hierarchy | The significant unobservable inputs used in the fair value measurements categorized within Level 3 of the fair value hierarchy, together with a quantitative sensitivity analysis as of June 30, 2024 are shown below:
Revenue growth rate |  | A decrease in revenue growth rate would result in a decrease in fair value.
Weighted Average Cost of Capital (“WACC”) |  | An increase in WACC would result in a decrease in fair value.
Price Earnings (“P/E”) Multiples |  | A decrease in P/E would result in decrease in the fair value.
Discount for lack of marketability (“DLOM”) |  | An increase in DLOM would result in a decrease in fair value.

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