Bank Borrowings

12 Months Ended

Dec. 31, 2023

22.	BANK BORROWINGS

A currency analysis of bank borrowings at the end of the reporting periods is as follows:


	As of December 31,
	2021		2022		2023
	US$		US$		US$
Hong Kong dollars – secured		—		—		50,655
Hong Kong dollars – unsecured		14,879		—		—
United States dollars - unsecured		35,000		20,045		45,000
Euro - unsecured		—		535		475
British Pound - unsecured		—		—		36

		49,879		20,580		96,166


	As of December 31,
	2021		2022		2023
	US$		US$		US$
Shown as:
Non-current		—		458		30,373
Current		49,879		20,122		65,793

		49,879		20,580		96,166

As of December 31, 2021, 2022 and 2023, the bank borrowings of US$49,879, US$20,580 and US$45,511 respectively were unsecured. As of December 31, 2021, 2022 and 2023, bank borrowings of US$49,879, US$20,122 and US$65,793 were repayable in one year or on demand, and nil, US$458 and US$30,373 were repayable more than one year but within 5 years.

These bank borrowings carry a weighted average contractual interest rate

of 2.1

% p.a.,

6.3

% p.a. and

5.6

% p.a., respectively as of December 31, 2021, 2022 and 2023.

As of December 31

, 2023, the Group has a bank borrowing of US$

50,655

denominated in Hong Kong dollars. This borrowing is secured by the Group’s hotel property, which has a carrying amount of US$

69,562

. The borrowing carries an interest rate of

1.65

% above the Hong Kong Interbank Offered Rate (“HIBOR”). The repayment dates for this borrowing range from

October 2023

April 2025

As of December 31, 2023, the Group has a bank borrowing of US$15,000

is denominated in US$, which is unsecured, carries interest rate

at 0.25% below daily Wall Street Journal Prime Rate and repayable by May 2024.

As of December 31, 2023, the Group has a bank borrowing of US$30,000

is denominated in US$, which is unsecured, carries interest rate at daily Wall Street Journal Prime Rate and repayable by May 2025.