Operating Segment Information (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
Operating Segment Information [Abstract] |
|
Schedule of Information by Segment with Prior Period Segment Information |
The following tables present information by segment, with prior period
segment information retrospectively recast to conform to current period presentation:
|
|
Capital
market solutions |
|
|
Digital solutions and other services |
|
|
Media and entertainment |
|
|
Hotel operations, hospitality and VIP services |
|
|
Strategic investment |
|
|
Total |
|
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
Segment revenue (Note 5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—from contract with customers |
|
|
— |
|
|
|
3,396 |
|
|
|
18,859 |
|
|
|
23,132 |
|
|
|
— |
|
|
|
45,387 |
|
—others |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
35,070 |
|
|
|
35,070 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
— |
|
|
|
3,396 |
|
|
|
18,859 |
|
|
|
23,132 |
|
|
|
35,070 |
|
|
|
80,457 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment results |
|
|
— |
|
|
|
2,624 |
|
|
|
2,072 |
|
|
|
(944 |
) |
|
|
35,070 |
|
|
|
38,822 |
|
Unallocated other income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,931 |
|
Unallocated other gain |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
24,757 |
|
Unallocated finance costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(13,425 |
) |
Corporate and other unallocated expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(13,868 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
55,217 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other segment information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,845 |
|
|
|
Capital
market solutions |
|
|
Digital solutions and other services |
|
|
Media and entertainment |
|
|
Hotel operations, hospitality and VIP services |
|
|
Strategic investment |
|
|
Total |
|
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
Segment revenue (Note 5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—from contract with customers |
|
|
— |
|
|
|
13,469 |
|
|
|
14,474 |
|
|
|
10,301 |
|
|
|
— |
|
|
|
38,244 |
|
—others |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
92,670 |
|
|
|
92,670 |
|
|
|
|
— |
|
|
|
13,469 |
|
|
|
14,474 |
|
|
|
10,301 |
|
|
|
92,670 |
|
|
|
130,914 |
|
Segment results |
|
|
(1,276 |
) |
|
|
9,126 |
|
|
|
3,239 |
|
|
|
2,106 |
|
|
|
92,670 |
|
|
|
105,865 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unallocated other income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
22,942 |
|
Unallocated other gain |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
68,797 |
|
Unallocated finance costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(8,199 |
) |
Corporate and other unallocated expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(31,708 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
157,697 |
|
Other segment information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,623 |
|
|
|
Capital
market solutions |
|
|
Digital solutions and other services |
|
|
Media and entertainment |
|
|
Strategic investment |
|
|
Total |
|
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
|
US$ |
|
Segment revenue (Note 5) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
—from contract with customers |
|
|
74,305 |
|
|
|
23,440 |
|
|
|
7,620 |
|
|
|
— |
|
|
|
105,365 |
|
—others |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
69,806 |
|
|
|
69,806 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
74,305 |
|
|
|
23,440 |
|
|
|
7,620 |
|
|
|
69,806 |
|
|
|
175,171 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Segment results |
|
|
72,140 |
|
|
|
21,299 |
|
|
|
2,725 |
|
|
|
69,806 |
|
|
|
165,970 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unallocated other income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
18,063 |
|
Unallocated other gain |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
19,598 |
|
Unallocated finance costs |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(859 |
) |
Unallocated net changes in fair value on derivative financial liability |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,704 |
|
Corporate and other unallocated expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(30,605 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit before tax |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
173,871 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other segment information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
738 |
|
|
Schedule of Segment Assets and Liabilities |
| |
As of December 31, | |
| |
2024 | | |
2023 | | |
2022 | |
| |
US$ | | |
US$ | | |
US$ | |
Segment assets | |
| | |
| | |
| |
Capital market solutions | |
| — | | |
| — | | |
| 10,429 | |
Digital solutions and other services | |
| 572 | | |
| 1,480 | | |
| 23,691 | |
Media and entertainment | |
| 137,084 | | |
| 126,028 | | |
| 93,754 | |
Hotel operations, hospitality and VIP services | |
| 292,335 | | |
| 85,495 | | |
| — | |
Strategic investment | |
| 152,488 | | |
| 79,607 | | |
| 380,407 | |
| |
| | | |
| | | |
| | |
Total segment assets | |
| 582,479 | | |
| 292,610 | | |
| 508,281 | |
Unallocated corporate assets | |
| 1,487,439 | | |
| 1,193,980 | | |
| 552,442 | |
| |
| | | |
| | | |
| | |
Total assets | |
| 2,069,918 | | |
| 1,486,590 | | |
| 1,060,723 | |
| |
| | | |
| | | |
| | |
Segment liabilities | |
| | | |
| | | |
| | |
Digital solutions and other services | |
| 16,065 | | |
| 15,621 | | |
| 2,324 | |
Media and entertainment | |
| 6,525 | | |
| 27,361 | | |
| 23,270 | |
Hotel operations, hospitality and VIP services | |
| 277,368 | | |
| 106,742 | | |
| — | |
| |
| | | |
| | | |
| | |
Total segment liabilities | |
| 299,958 | | |
| 149,724 | | |
| 25,594 | |
Unallocated corporate liabilities | |
| 69,931 | | |
| 43,292 | | |
| 32,715 | |
| |
| | | |
| | | |
| | |
Total liabilities | |
| 369,889 | | |
| 193,016 | | |
| 58,309 | |
|
Schedule of Revenue from Contract with Customers by Geographical Areas Based |
The following table sets forth the Group’s revenue from contract
with customers by geographical areas based on the location of the customers:
| |
Capital markets solutions | | |
Digital solutions and other services | | |
Media and entertainment | | |
Hotel operations, hospitality and VIP services | | |
Total | |
| |
US$ | | |
US$ | | |
US$ | | |
US$ | | |
US$ | |
China (including Hong Kong) | |
— | | |
832 | | |
664 | | |
5,801 | | |
7,297 | |
Europe | |
— | | |
— | | |
9,661 | | |
— | | |
9,661 | |
America | |
| — | | |
| — | | |
| 4,867 | | |
| — | | |
| 4,867 | |
Southeast Asia | |
| — | | |
| 2,564 | | |
| 3,667 | | |
| 17,331 | | |
| 23,562 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
| |
| — | | |
| 3,396 | | |
| 18,859 | | |
| 23,132 | | |
| 45,387 | |
| |
Capital markets solutions | | |
Digital solutions and other services | | |
Media and entertainment | | |
Hotel operations, hospitality and VIP services | | |
Total | |
| |
US$ | | |
US$ | | |
US$ | | |
US$ | | |
US$ | |
China (including Hong Kong) | |
| — | | |
| 13,469 | | |
| — | | |
| 5,132 | | |
| 18,601 | |
Europe | |
| — | | |
| — | | |
| 6,582 | | |
| — | | |
| 6,582 | |
America | |
| — | | |
| — | | |
| 5,250 | | |
| 5,169 | | |
| 10,419 | |
Southeast Asia | |
| — | | |
| — | | |
| 2,642 | | |
| — | | |
| 2,642 | |
| |
| | | |
| | | |
| | | |
| | | |
| | |
| |
| — | | |
| 13,469 | | |
| 14,474 | | |
| 10,301 | | |
| 38,244 | |
| |
Capital markets solutions | | |
Digital solutions and other services | | |
Media and entertainment | | |
Total | |
| |
US$ | | |
US$ | | |
US$ | | |
US$ | |
China (including Hong Kong) | |
| 74,305 | | |
| 23,253 | | |
| — | | |
| 97,558 | |
Europe | |
| — | | |
| — | | |
| 2,461 | | |
| 2,461 | |
America | |
| — | | |
| — | | |
| 4,090 | | |
| 4,090 | |
Southeast Asia | |
| — | | |
| 187 | | |
| 1,069 | | |
| 1,256 | |
| |
| | | |
| | | |
| | | |
| | |
| |
| 74,305 | | |
| 23,440 | | |
| 7,620 | | |
| 105,365 | |
|