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v3.25.2

CAPITAL MANAGEMENT (Tables) | 12 Months Ended
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Dec. 31, 2024
Capital Management |
SCHEDULE OF CAPITAL STRUCTURE | SCHEDULE OF CAPITAL STRUCTURE
|  | 2024 |  |  | 2023 |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |
|  | USD’000 |  |  | USD’000 |
Interest-bearing bank borrowings |  |  | — |  |  |  | — |
Note payable |  |  | 5,187 |  |  |  | 2,111 |
Amounts owed to related parties |  |  | 272 |  |  |  | 78 |
Total debts |  |  | 5,459 |  |  |  | 2,189 |
Less: Cash and cash equivalents (excluding restricted bank balances) |  |  | (1,047 | ) |  |  | (538 | )
Net debts |  |  | 4,412 |  |  |  | 1,651 |
Equity attributable to shareholders of the Company |  |  | 25,553 |  |  |  | 13,985 |
Gearing ratio |  |  | 17 | % |  |  | 12 | %

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