v3.25.1
Interests in Joint Ventures (Tables)
 12 Months Ended
Dec. 31, 2024
Interests in Joint Ventures [Abstract]  
Schedule of Interests in Joint Ventures
   As of December 31, 
   2024   2023 
   US$   US$ 
Cost of investments in joint ventures   
-
    (7,988)
Due from joint ventures   
-
    23,810 
           
    
        -
    15,822 
Schedule of Description in Material Joint Ventures

Details of material joint ventures as of December 31, 2023 are as follows:

 

Name  Place of
incorporation		   Percentage of
ownership
interest held
by the
Company		   Principal activity 
DHI Holdings (S) Pte Ltd.   Singapore    51%  Hotel operations, hospitality and VIP services 
Schedule of the Financial Information of Joint Venture

The following table illustrates the summarized financial information in respect of the Singapore hotel companies adjusted for any differences in accounting policies and reconciled to the carrying amount in the consolidated financial statements:

 

   As of
December 31,
2023		 
   US$ 
Total assets   201,025 
Total liabilities   (216,689)
      
Net assets   (15,664)
Proportion of the Group’s ownership   51%
      
Group’s share of net assets of joint ventures   (7,988)
Due from joint ventures   23,810 
      
Interests in joint ventures   15,822 
      
Addition information of the joint ventures     
Cash and cash equivalents   3,516 
Amounts due to shareholders   48,280 
Bank borrowings    163,438 

 

   February 20, 2023
to December 31,
2023		 
   US$ 
Revenue   24,129 
      
Loss for the period   (4,578)
Other comprehensive loss for the period   (600)
      
Total comprehensive loss for the period   (5,178)