Acquisitions of Subsidiaries (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Acquisitions of Subsidiaries [Abstract] |
|
| Schedule of Assets Acquired and Liabilities Recognized at the Date of Acquisition |
Assets acquired and liabilities recognized at the date of acquisition
| | |
US$ | |
| Interests in joint ventures | |
| 24,726 | |
| Property, plant and equipment | |
| 135,592 | |
| Cash and bank balances | |
| 3,860 | |
| Accounts receivable | |
| 527 | |
| Prepayments, deposits and other receivables | |
| 20,365 | |
| Amount due from a non-controlling shareholder | |
| 637 | |
| Account payable | |
| (311 | ) |
| Accruals and other payables | |
| (2,269 | ) |
| Bank borrowings | |
| (50,849 | ) |
| Amount due to a non-controlling shareholder | |
| (53,464 | ) |
| Amount due to AMTD Group | |
| (81,968 | ) |
| | |
| | |
| | |
| (3,154 | ) |
Assets acquired and liabilities recognized at the date of acquisition
| | |
US$ | |
| Cash and bank balances | |
| 27 | |
| Accounts receivable | |
| 674 | |
| Prepayments, other receivables and deposits | |
| 301 | |
| Property, plant and equipment | |
| 333 | |
| Intangible assets | |
| 25,392 | |
| Accounts payables | |
| (402 | ) |
| Other payables and accruals | |
| (2,068 | ) |
| Bank borrowings | |
| (37 | ) |
| Deferred tax liabilities | |
| (2,920 | ) |
| | |
| | |
| Net assets acquired | |
| 21,300 | |
Assets acquired and liabilities recognized at the date
of acquisition
| | |
US$ | |
| Property, plant and equipment | |
| 189,826 | |
| Accounts receivable | |
| 920 | |
| Prepayments, deposits and other receivables | |
| 622 | |
| Cash and cash equivalents | |
| 4,273 | |
| Accounts payables | |
| (116 | ) |
| Other payables and accruals | |
| (467 | ) |
| Provisions | |
| (1,406 | ) |
| Contract liabilities | |
| (471 | ) |
| Amount due to shareholders | |
| (47,157 | ) |
| Tax liabilities | |
| (214 | ) |
| Bank borrowings | |
| (159,722 | ) |
| Non-controlling interests | |
| 6,817 | |
| Net assets acquired | |
| (7,095 | ) |
| Interests in joint venture eliminated | |
| (7,095 | ) |
|
| Schedule of Reserve Arising on Acquisition |
Reserve arising on acquisition:
| | |
US$ | |
| Consideration transferred | |
| 268,000 | |
| Plus: non-controlling interests of AMTD Digital | |
| (1,019 | ) |
| Plus: non-controlling interests of AMTD Assets | |
| (336 | ) |
| Plus: non-controlling interests of AMTD Assets’ subsidiaries | |
| 5,355 | |
| Less: recognized amounts of net liabilities acquired | |
| 3,154 | |
| | |
| | |
| | |
| 275,154 | |
|
| Schedule of Net cash inflow on acquisition |
| | |
US$ | |
| Cash consideration paid | |
| — | |
| Add: cash and cash equivalent balances acquired | |
| 3,860 | |
| | |
| | |
| | |
| 3,860 | |
| Cash and cash equivalent balances acquired | |
| 4,273 | |
|
| Schedule of Consideration Transferred |
| | |
US$ | |
| Cash | |
| 2,540 | |
| Ordinary shares of the Company | |
| 5,607 | |
| Ordinary shares of AMTD Digital | |
| 5,607 | |
| Other consideration payable | |
| 3,077 | |
| | |
| | |
| |
| 16,831 | |
|
| Schedule of Gain Arising on Acquisition |
Gain arising on acquisition:
| | |
US$ | |
| Recognized amounts of net payable assets acquired | |
| 21,300 | |
| Less: consideration paid/payable | |
| (16,831 | ) |
| | |
| | |
| | |
| 4,469 | |
|
| Schedule of Net Cash Outflow on Acquisition |
Net cash outflow on acquisition of The Art Newspaper SA
| | |
US$ | |
| Cash consideration paid | |
| (2,540 | ) |
| Less: cash and cash equivalents balances acquired | |
| 27 | |
| | |
| (2,513 | ) |
|