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INVESTMENTS IN ASSOCIATES (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure of associates [abstract]  
Associates of the Company
19(a)    Associates of our Company
Percentage of
equity interest
As of December 31
Company NameNature of businessCountry of
incorporation		20242023
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%
Movements in Investments in Associates
19(b)    Carrying amounts of investment in associates
As of December 31,
20242023
US$’000 US$’000
At January 1810 805 
Share of loss of associates(2)(2)
Exchange difference(1)7 
At December 31807 810 
Summarized Financial Information of Investments in Associates
The following table summarized financial information of our Company’s investments in associates:
As of December 31,
20242023
US$’000 US$’000
Summarized financial information of SPHC:
Current assets4 4 
Non-current assets1,834 1,835 
Current liabilities(3)(2)
Non-current liabilities(189)(184)
Equity1,646 1,653 
Reconciliation to our Company’s investments in associates:
Percentage of equity interest49%49%
Carrying amount of the investment807 810 
For the year ended December 31,
202420232022
US$’000 US$’000 US$’000
Summarized financial information of SPHC:
Revenue— — — 
Loss for the year(5)(4)(3)
Reconciliation to our Company’s investments in associates:
Percentage of equity interest49%49%49%
Share of the associates’ loss for the year:(2)(2)(1)