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Financial Assets Measured at Fair Value Through Profit and Loss
 6 Months Ended
Jun. 30, 2024
Financial Assets Measured at Fair Value Through Profit and Loss [Abstract]  
FINANCIAL ASSETS MEASURED AT FAIR VALUE THROUGH PROFIT AND LOSS
5FINANCIAL ASSETS MEASURED AT FAIR VALUE THROUGH PROFIT AND LOSS

 

   December 31,
2023		   June 30,
2024		 
   RM   RM   USD 
Unquoted shares:            
             
At beginning of year   72,295    72,793    15,431 
Addition   
-
    
-
    
-
 
Disposal   
-
    
-
    
-
 
Currency realignment   498    1,806    383 
At end of year   72,793    74,599    15,814 

 

Unquoted shares

 

Included in the unquoted shares are investment in the following:

 

  ● 5% (2022: 5%) equity interest in Zero Carbon Farms Ltd, an entity incorporated in United Kingdom.
     
  ● 0.1% (2022: 0.1%) equity interest in Unique Fire Holdings Berhad, an entity incorporated in Malaysia.

 

The above valuations are categorised under Level 3 of the fair value hierarchy, and are generally sensitive to the unobservable inputs. Any increase or decrease in transacted price would result in an increase or decrease in the fair value of the unquoted investments.

 

Any significant movement in inputs would result in a significant change to the fair value of the unquoted investment. There are no transfers between Levels 1 and 2 and into or out of Level 3 during the year.