Property, Plant and Equipment

12 Months Ended

Dec. 31, 2024

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

17.

PROPERTY, PLANT AND EQUIPMENT

		Properties				Computer equipment				Right-of- use assets				Total
		US$				US$				US$				US$
Cost:
As of January 1, 2023			—				20				—				20
Additions			15				57				219				291
Additions from acquisition of subsidiaries (Note 32(a))			135,592				79				254				135,925
Disposal of subsidiaries			(63,444	)			(7	)			—				(63,451	)
Exchange realignment			(1,614	)			1				19				(1,594	)

As of December 31, 2023			70,549				150				492				71,191
Additions			226,165				8				544				226,717
Disposal of subsidiaries			—				—				(212	)			(212	)
Exchange realignment			2,060				(6	)			(61	)			1,993

As of December 31, 2024			298,774				152				763				299,689

Accumulated depreciation:
As of January 1, 2023			—				(8	)			—				(8	)
Charge for the year			(1,621	)			(25	)			(120	)			(1,766	)
Disposal of subsidiaries			623				5				—				628
Exchange realignment			11				—				(2	)			9

As of December 31, 2023			(987	)			(28	)			(122	)			(1,137	)
Charge for the year			(6,426	)			(31	)			(273	)			(6,730	)
Disposal of subsidiaries			-				-				145				145
Exchange realignment			(506	)			(2	)			(10	)			(518	)

As of December 31, 2024			(7,919	)			(61	)			(260	)			(8,240	)

Carrying amount:
As of December 31, 2024			290,855				91				503				291,449

As of December 31, 2023			69,562				122				370				70,054

Properties of US$69,562 and US$267,926 were pledged for bank borrowings (Note 22) as of December 31, 2023 and 2024, respectively.

As of December 31, 2023 and 2024, the Group leases commercial premises for its operations. Lease contracts are entered into for fixed term of three years. In determining the lease term and assessing the length of the non-cancellable period, the Group applies the definition of a contract and determines the period for which the contract is enforceable. In addition, lease liabilities of US$382 and US$519 are recognized with related right-of-use assets of US$370 and US$503 as of December 31, 2023 and 2024, respectively. The lease agreements do not impose any covenants other than the security interests in the leased assets that are held by the lessor. Leased assets may not be used as security for borrowing purposes.