v3.26.1
Derivative Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Valuation Techniques for Embedded Derivative The following table sets forth the inputs to the lattice models that were used to value the WML Convertible Bond Conversion Option Derivative:
June 30, 2026December 31, 2025
WML stock priceHK$5.05 HK$5.94 
Estimated volatility20.3 %29.2 %
Risk-free interest rate3.4 %2.7 %
Expected term (years)2.7 3.2 
Dividend yield(1)
0.0 %0.0 %
(1)    Dividend yield is assumed to be zero in the lattice model used to value the WML Convertible Bond Conversion Option Derivative, due to a dividend protection feature in the WML Convertible Bond Agreement.