v3.26.1
BANK BORROWINGS
 12 Months Ended
Dec. 31, 2025
Debt Disclosure [Abstract]  
BANK BORROWINGS

NOTE－ 11 BANK BORROWINGS

 

Bank borrowings consisted of the following:

 

   Term of  Annual   As of   As of 
   repayments  interest rate   Dec 31, 2024   Dec 31, 2025 
            S$’000    S$’000 
                   
Term loans  Within 5 years   3.0%   175    - 
Bills payable (Note a)           23,158    16,953 
Bank borrowings           23,333    16,953 
Total:                  
Representing:-                  
Within 12 months           23,333    16,953 
Over 1 year           -    - 
                   
Bank borrowings           23,333    16,953 

 

Note a: These bills payable are short-term credit facilities granted by local banks to us in the amount of up to in aggregate of S$23.5 million and is up to 180 days for financing the purchase of equipment and machinery.

 

As of December 31, 2024, term loan was obtained from a financial institution in Singapore, which bear annual interest at a fixed rate at 3.0% and are repayable within 5 years. Term loan was fully repaid as at December 31, 2025.

 

The company’s bank borrowing and banker’s guarantee of S$749,960 (2024: S$411,740) are guaranteed under a personal guarantee from Mr Jison Lim and under a corporate guarantee from Ten-League Corporations Pte Ltd.