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CASH AND CASH EQUIVALENTS, TIME DEPOSITS AND PLEDGED DEPOSITS
 3 Months Ended
Mar. 31, 2025
Disclosure Of Cash And Cash Equivalents Time Deposits And Pledged Deposits [Abstract]  
CASH AND CASH EQUIVALENTS, TIME DEPOSITS AND PLEDGED DEPOSITS CASH AND CASH EQUIVALENTS, TIME DEPOSITS AND PLEDGED DEPOSITS
March 31,
2025		December 31,
2024
US$’000US$’000
Cash and bank balances1,005,450 1,127,115 
Less: Pledged deposits(70)(70)
Time deposits(563,678)(840,296)
Cash and cash equivalents441,702 286,749 
Denominated in USD401,938 230,833 
Denominated in RMB15,116 19,334 
Denominated in EUR24,648 36,582 
Cash and cash equivalents441,702 286,749 
The cash and cash equivalents of the Company denominated in Renminbi (“RMB”) amounted to $15.1 million and $19.3 million in the consolidated statements of financial position as at March 31, 2025 and December 31, 2024, respectively. The RMB is not freely convertible into other currencies, however, under Greater China Foreign Exchange Control Regulations and Administration of Settlement, Sale and Payment of Foreign Exchange Regulations, the Company is permitted to exchange RMB for other currencies through banks authorized to conduct foreign exchange business.
Cash and cash equivalents earn interest at floating rates based on daily bank deposit rates. The bank balances are deposited with creditworthy banks with no recent history of default. The carrying amounts of the cash and cash equivalents approximate to their fair values.