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DECONSOLIDATION OF DYNAMIC INDONESIA HOLDINGS LIMITED | 12 Months Ended
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Dec. 31, 2023
Seamless Group Inc. [Member] |
DECONSOLIDATION OF DYNAMIC INDONESIA HOLDINGS LIMITED | 19 Deconsolidation of Dynamic Indonesia Holdings Limited DECONSOLIDATION OF DYNAMIC INDONESIA HOLDINGS LIMITED On July 13, 2020, an agreement was signed by Dynamic Indonesia Holdings Limited, a wholly owned subsidiary of the Company, to borrow US$1million from a third party. In March 2021, the third party has converted that borrowing into 51% of the equity interest in Dynamic Indonesia Holdings Limited. The consideration has been included in the operating activities section of the statement of cash flows as “Disposal of a subsidiary”. Non-controlling interest at the operating company level has been reversed out as Seamless followed equity accounting upon the disposal of Walletku.

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