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Bank Borrowings | 12 Months Ended
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Dec. 31, 2025
Bank Borrowings [Abstract] |
BANK BORROWINGS |
| 19. | BANK BORROWINGS
A currency analysis of bank borrowings at the end of the reporting periods is as follows:
|  | As of December 31, |
|  | 2025 |  |  | 2024 |
|  | US$ |  |  | US$ |
Hong Kong dollars – secured |  |  | 50,046 |  |  |  | 50,135 |
United States dollars – secured |  |  | 73,835 |  |  |  | 44,163 |
United States dollars – unsecured |  |  | — |  |  |  | 30,184 |
Singapore dollars - secured |  |  | 168,248 |  |  |  | 158,466 |
British Pound – unsecured |  |  | 13 |  |  |  | 25 |
|  |  | 292,142 |  |  |  | 282,973 |
Present as: |  |  |  |  |  |  |  |
Non-current |  |  | 208,910 |  |  |  | 219,434 |
Current |  |  | 83,232 |  |  |  | 63,539 |
|  |  | 292,142 |  |  |  | 282,973 |
As of December 31, 2024 and 2025, bank borrowings of US$63,539 and US$83,232 were repayable in one year or repayment on demand at the discretion of the Group, US$208,450 and US$232,072 were repayable more than one year but within 5 years and US$10,984 and US$9,838 were repayable more than 5 years, respectively. Fixed-rate bank borrowings of US$10,984 and US$10,835 as of December 31, 2024 and 2025, respectively, were bearing an interest rate of 5.0% per annum. All other bank borrowings carry variable interest rate with a weighted average contractual interest rate of 4.76% p.a. and 5.46% p.a., respectively, as of December 31, 2024 and 2025. As of December 31, 2024 and 2025, the Group has bank borrowings of US$219,621 and US$229,129, respectively secured by the Group’s properties with carrying amounts of US$267,926 and US$270,192, respectively. Among these pledged loans, US$50,135 and US$50,046 as of December 31, 2024 and 2025, respectively, are fully and irrevocably guaranteed by the holding companies of the non-controlling shareholder of the Group’s subsidiaries, who have the primary and direct contractual repayment liability for the loan, and in consideration for such guarantee we pay a quarterly guarantee fee of 1% per annum on the outstanding loan amount. Also, US$168,248 and US$158,466 as of December 2025 and 2024, respectively, are guaranteed by the Company and the holding company of the non-controlling shareholder of the Group’s subsidiaries based on the percentage of shareholding. As of December 31, 2024 and 2025, the Group has bank borrowings of US$33,143 and US$33,000, respectively, which is secured by pledged bank deposits of US$33,000 and US$33,000, respectively, which carried interest at an index rate set by the bank. The Group has the discretion to early repay this bank borrowing with minimal penalty charges and thus, the Group classified such borrowings as current liabilities. As of December 31, 2025, a secured US$ denominated bank borrowing of US$30,000 is secured by the assets of TGE and a wholly owned subsidiary of TGE which are located in the United States and corporate guaranteed by the Company. The borrowing carried an interest rate at the daily Wall Street Journal Prime Rate. Such borrowings have a maturity period of 2 years.

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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef 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