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RELATED PARTY TRANSACTIONS (Tables) | 12 Months Ended
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Dec. 31, 2022
Related Party Transactions [Abstract] |
SCHEDULE OF NATURE OF TRANSACTIONS | SCHEDULE OF NATURE OF TRANSACTIONS
|  | 2022 |  |  | 2021 |  |  | 2020 |
|  | Financial Years ended December 31, |
|  | 2022 |  |  | 2021 |  |  | 2020 |
Nature of transactions |  | $’000 |  |  | $’000 |  |  | $’000 |
P4 Engineering Industrial Pte Ltd(1) |  |  |  |  |  |  |  |  |  |  |  |
- Sale of goods(1) |  |  | - |  |  |  | 414 |  |  |  | 891 |
- Purchases of goods(1) |  |  | 945 |  |  |  | 640 |  |  |  | 1,906 |
- Land rental(1) |  |  | 404 |  |  |  | 207 |  |  |  | 506 |
Multi Ways Equipment Sdn Bhd(2) |  |  |  |  |  |  |  |  |  |  |  |
- Sale of goods(2) |  |  | - |  |  |  | 151 |  |  |  | 1 |
MWE Investment Pte Ltd(3) |  |  |  |  |  |  |  |  |  |  |  |
- Sale of goods(3) |  |  | 11 |  |  |  | - |  |  |  | - |
Yin Zhan Holding Pte Ltd(4) |  |  |  |  |  |  |  |  |  |  |  |
- Sale of goods(4) |  |  | - |  |  |  | 5 |  |  |  | 488 |
- Purchases of goods(4) |  |  | 413 |  |  |  | 81 |  |  |  | 1,632 |
These related parties are controlled by the common directors and officers of the Company.
(1) | Mr. James Lim, Ms. Lee NG and Ms. Maggie Lim are the directors of P4 Engineering Industrial Pte Ltd. Mr. James Lim and Ms. Lee NG are the shareholders and they hold 100% in P4 Engineering Industrial Pte Ltd.
(2) | Ms. Maggie Lim and Mr. Nick Tan are the directors. Ms. Maggie Lim, Mr. Nick Tan and Mr. James Lim are the shareholders and hold 100% in Multi Ways Equipment Sdn Bhd.
(3) | 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.
(4) | Mr. James Lim is the director and shareholder, and he holds 51% stake in Yin Zhan Holding Pte Ltd.

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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