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BANK LOANS

12 Months Ended

Dec. 31, 2024

Bank Loans

BANK LOANS

9. BANK LOANS

The bank loans as of December 31, 2023 and 2024 are set out below:

Schedule of bank loans
Bank loans		Currency				Period				Effective Interest rate				Carrying amount
														US$’000
Secured fixed rate bank loan			SGD				2026				4.5%				163
Secured fixed rate bank loan			SGD				2027				4.5%				96
Secured fixed rate bank loan			SGD				2026				4.5%				271
December 31, 2023															530
Secured fixed rate bank loan			SGD				2026				4.5%				111
Secured fixed rate bank loan			SGD				2027				4.5%				66
Secured fixed rate bank loan			SGD				2026				4.5%				145
December 31, 2024															322

The secured fixed rate bank loan is guaranteed by a related party of the Company.

Schedule of bank loans guaranteed by related party
Bank loans		Carrying amount				Within 1 year				2025				2026				2027
			US$’000				US$’000				US$’000				US$’000				US$’000
Secured fixed rate bank loan			163				52				54				57				–
Secured fixed rate bank loan			96				30				31				32				3
Secured fixed rate bank loan			271				125				135				11				–
December 31, 2023			530				207				220				100				3

		Carrying amount				Within 1 year				2026				2027
		US$’000				US$’000				US$’000				US$’000
Secured fixed rate bank loan			111				54				57				–
Secured fixed rate bank loan			66				31				32				3
Secured fixed rate bank loan			145				134				11				–
December 31, 2024			322				219				100				3

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