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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Profit before tax $ 157,697 $ 173,871 $ 171,239
Adjustments for:      
Interest income (20,192) (16,256) (14,928)
Finance costs 8,199 859 1,650
Depreciation 1,766 12 6
Amortization 857 726 0
Dividend income (9,935) (6,412) (6,266)
Gain from disposed financial assets at fair value through profit or loss and settled derivative financial assets (123,634) (22,106) (16,094)
Gain from a bargain purchase (4,469) (4,848) 0
Gain from disposal of subsidiaries (64,328) (14,750) 0
Net fair value changes on financial assets at fair value through profit or loss (except derivative financial assets) 40,899 20,609 (76,867)
Net fair value changes on derivative financial assets 0 (61,897) 6,947
Net fair value changes on derivative financial liability 0 (1,704) 0
Share of losses of joint ventures 2,335 0 0
Impairment losses under expected credit loss model on financial assets 4,988 501 0
Operating cash flows before changes in working capital (5,817) 68,605 65,687
(Increase)/decrease in accounts receivable 10,668 (29,225) (1,175)
Decrease in prepayments, deposits and other receivables 5,326 11,489 379
Increase/(decrease) in other payables and accruals 15,570 (11,432) (4,640)
Decrease in restricted cash 280 65 0
Decrease in provisions (355) (95) 0
Changes in accounts payable and other assets (1,156) 7,736 1,831
Repayment of operating lease liabilities (81) 0 0
Cash generated from operations 24,435 47,143 62,082
Profits tax paid (1,605) (30,992) (12,408)
Dividend received 9,935 6,412 6,266
Interest received 7,213 4,058 2
Net cash generated from operating activities 39,978 26,621 55,942
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchase of items of property, plant and equipment (72) (2) 0
Purchase of financial assets at fair value through profit or loss (1,591) (4,806) (1,279)
Increase in amount due from immediate holding company (404,364) (68,723) (44,731)
Acquisition of subsidiaries, net of cash acquired 1,347 13,326 0
Cash disposed of upon disposal of subsidiaries (514) (18,473) 0
Acquisition of additional interests of the subsidiaries (1,647) 0 0
Collection of consideration receivable 90,687 0 0
Amount received from former subsidiaries 23,860 0 0
Amount received from a non-controlling shareholder of a subsidiary 20,000 0 0
Amount received from amounts due from joint ventures 6,515 0 0
Advance to a non-controlling shareholder of a subsidiary (1,561) 0 0
Receipt of return from movie income right investments 0 2,680 0
Proceeds from disposal of financial assets at fair value through profit or loss 373 2,047 0
Net cash used in investing activities (266,967) (73,951) (46,010)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds from issue of shares 93,600 25,041 0
Proceeds from issue of shares of a subsidiary 100,000 139,149 0
Repayment of bank borrowings (396) (29,895) 0
Redemption of perpetual securities 0 0 (6,322)
Proceeds from bank borrowings 25,000 0 20,000
Distribution to perpetual securities holders (2,796) (15,853) (15,941)
Financing costs paid (6,060) (803) (600)
Capital injection by non-controlling interest 0 0 1,990
Net cash flows (used in)/generated from financing activities 209,348 117,639 (873)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (17,641) 70,309 9,059
Cash and cash equivalents at beginning of year 138,297 67,494 58,561
Effect of foreign exchange rate change, net (422) 494 (126)
CASH AND CASH EQUIVALENTS AT END OF YEAR 120,234 138,297 67,494
Cash and bank balances $ 120,234 $ 138,297 $ 67,494