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INVESTMENTS IN ASSOCIATES
 12 Months Ended
Dec. 31, 2023
Disclosure of associates [abstract]  
INVESTMENTS IN ASSOCIATES INVESTMENTS IN ASSOCIATES
19(a)    Associates of our Company
Percentage of
equity interest
As of December 31
Company NameNature of businessCountry of
incorporation		20232022
Shandong Pacific Rubber Cable Co., Ltd. (“SPRC”)Manufacturing of rubber cablePRC25.00%25.00%
Siam Pacific Holding Company Limited (“SPHC”)Investment & holding companyThailand49.00%49.00%
Loxpac (Thailand) Company Limited (“Loxpac”) (Formerly known as “Loxley Pacific Co., Ltd.)Providing telecommunication serviceThailand21.39%21.39%
Loxpac Hong Kong Co., Limited (“Loxpac HK”) (Formerly known as “Loxley Pacific Hong Kong Co., Limited” )Investment & holding companyHong Kong23.10%23.10%
19(b)    Carrying amounts of investment in associates
As of December 31,
20232022
US$’000 US$’000
At January 1805 835 
Share of loss of associates(2)(1)
Exchange difference7 (29)
At December 31810 805 
The investments in SPRC, Loxpac and Loxpac HK have been fully impaired.
19(c)    Summarized financial information for associates
The following table summarized financial information of our Company’s investments in associates:
As of December 31,
20232022
US$’000 US$’000
Summarized financial information of SPHC:
Current assets4 1 
Non-current assets1,835 1,818 
Current liabilities(2)(2)
Non-current liabilities(184)(176)
Equity1,653 1,641 
Reconciliation to our Company’s investments in associates:
Percentage of equity interest49%49%
Carrying amount of the investment810 805 
For the year ended December 31,
202320222021
US$’000 US$’000 US$’000
Summarized financial information of SPHC:
Revenue— — — 
Loss for the year(4)(3)(2)
Reconciliation to our Company’s investments in associates:
Percentage of equity interest49%49%49%
Share of the associates’ loss for the year:(2)(1)(1)
As of December 31, 2023 and 2022, our Company's associates had no contingent liabilities or capital commitments.