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MATERIAL PARTLY-OWNED SUBSIDIARIES
 12 Months Ended
Dec. 31, 2024
Disclosure of subsidiaries [abstract]  
MATERIAL PARTLY-OWNED SUBSIDIARIES MATERIAL PARTLY-OWNED SUBSIDIARIES
6(a)    Material subsidiaries
Our Company has subsidiaries with material non-controlling interests (“NCI”). Information regarding the subsidiaries is as follows:
Proportion of equity interest held by NCI:
Country of incorporation and operationAs of December 31,
Name20242023
Charoong Thai and its subsidiaries (“CTW Consolidated”)Thailand49.07 %49.07 %
6(b)    Summarized financial information about the subsidiaries
The summarized financial information of the subsidiaries is provided below. This information is based on amounts before inter-company eliminations:
Summarized statements of comprehensive incomeCTW consolidated
For the year ended December 31,
202420232022
US$’000 US$’000US$’000
Revenue172,793 166,933 171,845 
Profit/(loss) before tax7,234 (7,587)2,153 
Income tax expense1,036 39 420 
Profit/(loss) for the year6,198 (7,626)1,733 
Other comprehensive (loss)/income(270)3,252 (4,537)
Total comprehensive income/(loss)5,928 (4,374)(2,804)
Profit/(loss) attributable to non-controlling interests3,042 (3,742)850 
Dividends paid to non-controlling interests— 285 563 
Summarized balance sheetsCTW consolidated
As of December 31,
20242023
US$’000 US$’000
Current assets118,112 127,780 
Non-current assets46,542 48,748 
Current liabilities(38,805)(61,226)
Non-current liabilities(10,659)(5,893)
Total equity115,190 109,409 
Equity attributable to:
Equity holders of the parent58,666 55,722 
Non-controlling interests56,524 53,687 
6.    MATERIAL PARTLY-OWNED SUBSIDIARIES (continued)
6(b)    Summarized financial information about the subsidiaries (continued)
Summarized cash flow informationCTW consolidated
For the year ended December 31,
202420232022
US$’000 US$’000 US$’000
Operating29,970 (11,954)7,389 
Investing(1,589)(1,418)(719)
Financing(23,746)(144)(7,726)
Effect of changes in exchange rate on cash147 27 (1,045)
Net increase (decrease) in cash and cash equivalents4,782 (13,489)(2,101)