XML 34 R18.htm IDEA: XBRL DOCUMENT v3.26.1
Prepayments, Deposits and Other Receivables
 12 Months Ended
Dec. 31, 2025
Prepayments, Deposits and Other Receivables [Abstract]  
PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES
12.PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES

 

   As of December 31, 
   2025   2024 
   US$   US$ 
         
Receivables from former subsidiaries   15,578    18,125 
Prepayments   1,629    3,475 
Deposits paid for acquisitions (note)   82,609    — 
Deposits   710    195 
Other receivables   4,021    2,052 
Less: impairment loss provided under expected credit loss model   (501)   (501)
    104,046    23,346 
                 
Present as:                
Current     21,437       23,346  
Non-current     82,609       —  
      104,046       23,346  

 

Note: As of December 31, 2025, the Group paid US$82,609 as deposits for the acquisitions of hotels in Hornsey in the United Kingdom, New York in the United States, Perth in Australia and Kuala Lumpur in Malaysia.

 

The expected credit loss was assessed with reference to the credit status of the debtors, and the expected credit loss as of December 31, 2024 and 2025 are US$501 and US$501, respectively.

 

None of the above assets is past due or credit-impaired. The consideration receivables on disposal of investments and subsidiaries and receivables from former subsidiaries are subsequently fully settled as of the date of these financial statements. The other financial assets included in the above balances relate to receivables for which there was no recent history of default.