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Consolidated Statements of Operations and Comprehensive - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Profit or loss [abstract]      
REVENUE
Other operating income, net 1,940 890 259
General and administrative expense (9,953) (15,289) (13,039)
Research and development expenses (44,915) (58,152) (54,490)
Total operating loss (52,928) (72,551) (67,270)
Other income and gains 3,049 3,303 2,079
Other expenses (42) (80) (1,395)
Investment income 62 550
Share of profits of investments accounted for using the equity method (4)
Fair value gain on financial assets at fair value through profit or loss (“FVTPL”) 484
Fair value (loss)/gain on financial liabilities at FVTPL (39,171) 7,195
Finance costs (1,944) (791) (433)
LOSS BEFORE TAX (51,869) (109,228) (58,790)
Income tax expense
LOSS FOR THE YEAR (51,869) (109,228) (58,790)
Attributable to:      
Ordinary Equity Holders of the Parent (51,869) (109,228) (58,790)
Items that may be reclassified to profit or loss      
Exchange differences on translation of the financial statements of subsidiaries (294) (82) (3,157)
Other comprehensive loss for the year, net of tax (294) (82) (3,157)
TOTAL COMPREHENSIVE LOSS FOR THE YEAR (52,163) (109,310) (61,947)
Attributable to:      
Ordinary Equity Holders of the Parent $ (52,163) $ (109,310) $ (61,947)
LOSS PER SHARE ATTRIBUTABLE TO ORDINARY EQUITY HOLDERS OF THE PARENT      
Basic loss for the year (in Dollars per share) $ (0.54) $ (2.52) $ (2.31)
Diluted loss for the year (in Dollars per share) $ (0.54) $ (2.52) $ (2.31)
Weighted average common shares outstanding, basic (in Shares) 95,776,708 43,342,068 25,440,000
Weighted average common shares outstanding, diluted (in Shares) 95,776,708 43,342,068 25,440,000