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Investment in Marketable Securities
 3 Months Ended
Sep. 30, 2023
Investment in Marketable Securities [Abstract]  
Investment in marketable securities

Note 8 – Investment in marketable securities

 

On July 19 2023 (“Commencement Date”), the Company entered into a software developing agreement (“Developing Agreement”) with VCI Global Limited (“VCI”), an unrelated third party for collaboration and co-operating in the development of an artificial intelligence powered travel platform, the (“Platform”). Pursuant to the Software Development Agreement, VCI shall remit payment of cash in $1,000,000 or issuance and the allotment of ordinary shares in VCI with an equivalent value of $1,000,000 (“VCIG Shares”) within ten business days from the Commencement Date to the Company as service consideration. As of , both the Company and VCI had agreed that VCI to issued 286,533 shares of VCIG Shares at $3.49 per share based on 5-day volume weighted average price to the Company as a service consideration in developing above mentioned Platform. The VCIG Shares shall be issued on a restricted stock basis for a period of six (6) months from the commencement date of the Software Developing Agreement.  

 

 

 

  

As of
September 30,

2023

  

As of

June 30,

2023

 
   (Unaudited)   (Audited) 
Cost of investment  $1,000,000   $
    -
 
Cumulative unrealized loss on marketable equity securities   60,172    
-
 
Investment in marketable securities  $1,060,172   $
-