Acquisition of Subsidiaries (Tables)

6 Months Ended

Jun. 30, 2026

Acquisition of Subsidiaries [Abstract]

Schedule of Consideration Transferred

The settlement and allocation of the consideration are detailed below:

		US$’000
Cash paid at completion			42,939
Deferred consideration			28,626
Total consideration			71,565

The settlement and allocation of the consideration are detailed below:

		US$’000
Cash paid at completion			31,908
Deferred consideration			6,382
Total consideration			38,290

The settlement and allocation of the consideration are detailed below:

		US$’000
Cash paid at completion			25,408
Deferred consideration			4,996
Total consideration			30,424

Schedule of Allocation of Consideration

Allocation of consideration:

		US$’000
Acquisition of 50% equity interests in Perth Hotel Group			58,857
Assignment of shareholder loan			12,708
Total consideration			71,565

Allocation of consideration:

		US$’000
Acquisition of 100% equity interests in Kuala Lumpur Hotel Group			38,163
Assignment of shareholder loan			127
Total consideration			38,290

Allocation of consideration:

		US$’000
Acquisition of 100% equity interests in Hornsey Hotel Group			8,647
Assignment of shareholder loan			21,777
Total consideration			30,424

Schedule of Provisional Fair Value of Identifiable Assets and Liabilities Acquired

Provisional fair value of identifiable assets and liabilities acquired

		US$’000
Cash and cash balances			3,685
Accounts receivable			919
Prepayments, deposits and other receivables			2,013
Property, plant and equipment			233,817
Accounts payable			(554	)
Other payables and accruals			(4,491	)
Borrowings			(57,252	)
Amounts due to shareholders			(25,417	)
Provisions			(1,706	)
Deferred tax liabilities			(33,300	)
Total identifiable net assets at fair value			117,714
Non-controlling interests (50%)			(58,857	)
Net assets acquired			58,857

Provisional fair value of identifiable assets and liabilities acquired

		US$’000
Cash and cash balances			177
Accounts receivable			76
Prepayments, deposits and other receivables			257
Property, plant and equipment			58,728
Accounts payable			(270	)
Other payables and accruals			(44	)
Amounts due to shareholders			(127	)
Deferred tax liabilities			(11,093	)
Total identifiable net assets at fair value			47,704
Non-controlling interests (20%)			(9,541	)
Net assets acquired			38,163

Provisional fair value of identifiable assets and liabilities acquired

		US$’000
Cash and cash balances			147
Accounts receivable			34
Prepayments, deposits and other receivables			301
Property, plant and equipment			34,144
Accounts payable			(233	)
Other payables and accruals			(319	)
Amounts due to shareholders			(21,777	)
Deferred tax liabilities			(3,670	)
Net assets acquired			8,627

Schedule of Net Cash Inflow on Acquisition of Perth Hotel Group

Net cash inflow on acquisition of Perth Hotel Group

		US$’000
Cash and cash equivalents balances acquired			3,685

Net cash inflow on acquisition of Kuala Lumpur Hotel Group

		US$’000
Cash and cash equivalents balances acquired			177

Net cash inflow on acquisition of Hornsey Hotel Group

		US$’000
Cash and cash equivalents balances acquired			147