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INVESTMENTS IN ASSOCIATES
 12 Months Ended
Dec. 31, 2022
Disclosure of associates [abstract]  
INVESTMENTS IN ASSOCIATES INVESTMENTS IN ASSOCIATES
19(a)    Associates of our Company
Percentage of
equity interest
As of December 31
Company NameNature of businessCountry of
incorporation		20222021
Shandong Pacific Rubber Cable Co., Ltd. (“SPRC”)Manufacturing of rubber cablePRC25.00%25.00%
Siam Pacific Holding Company Limited (“SPHC”)Investment & holding companyThailand49.00%49.00%
Loxpac (Thailand) Company Limited (“Loxpac”) (Formerly known as “Loxley Pacific Co., Ltd.)Providing telecommunication serviceThailand21.39%21.39%
Loxpac Hong Kong Co., Limited (“Loxpac HK”) (Formerly known as “Loxley Pacific Hong Kong Co., Limited” )Investment & holding companyHong Kong23.10%23.10%
19(b)    Carrying amounts of investment in associates
As of December 31,
20222021
US$’000 US$’000
At January 1835 930 
Share of loss of associates(1)(1)
Exchange difference(29)(94)
At December 31805 835 
The investments in SPRC, Loxpac and Loxpac HK have been fully impaired.
19(c)    Summarized financial information for associates
The following table summarized financial information of our Company’s investments in associates:
As of December 31,
20222021
US$’000 US$’000
Summarized financial information of SPHC:
Current assets1 3 
Non-current assets1,818 1,884 
Current liabilities(2)(1)
Non-current liabilities(176)(182)
Equity1,641 1,704 
Reconciliation to our Company’s investments in associates:
Percentage of equity interest49%49%
Carrying amount of the investment805 835 
For the year ended Current period end
202220212020
US$’000 US$’000 US$’000
Summarized financial information of SPHC:
Revenue— — — 
Loss for the year(3)(2)(2)
Reconciliation to our Company’s investments in associates:
Percentage of equity interest49%49%49%
Share of the associates’ loss for the year:(1)(1)(1)
As of December 31, 2022 and 2021, our Company's associates had no contingent liabilities or capital commitments.