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AMOUNTS DUE FROM RELATED PARTIES | 12 Months Ended
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Dec. 31, 2022
Amounts Due From Related Parties |
AMOUNTS DUE FROM RELATED PARTIES | NOTE－6 AMOUNTS DUE FROM RELATED PARTIES Amounts due from related parties consisted of the following: SCHEDULE OF AMOUNTS DUE FROM RELATED PARTIES
|  | As of December 31, |
|  | 2022 |  |  | 2021 |
|  | $’000 |  |  | $’000 |
Due from related parties: |  |  |  |  |  |  |  |
- MWE Investment Pte Ltd(1) |  |  | 3 |  |  |  | - |
- Multi Ways Holdings Limited |  |  | 47 |  |  |  | - |
- Yin Zhan Holding Pte Ltd(2) |  |  | - |  |  |  | 12 |
Due to related parties |  |  | 50 |  |  |  | 12 |
The related party of the Company is as follows:
(1) | Mr. James Lim, Ms Lee NG and Ms Maggie Lim are the directors, and they are also the shareholders and hold 88% stake in MWE Investment Pte Ltd.
(2) | Mr. James Lim is the director and shareholder, and he holds 51% stake in Yin Zhan Holding Pte Ltd.
The amounts are unsecured, interest-free and repayable on demand.

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