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RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Dec. 31, 2023
Related party transactions [abstract]  
Outstanding Balance and Transactions with Related Parties
The following table provided the total amount of outstanding balance at December 31, 2023 and 2022.
As of December 31,
20232022
US$’000US$’000
Amounts due from related parties
The ultimate parent companyPEWC107 147 
PEWC, Singapore Branch14 
PEWC (HK)130 4,177 
Taiwan Submarine Cable Co., Ltd— 65 
PACIFIC UNION CO., LTD.13 — 
AssociateSPHC171 170 
Non-controlling shareholder of subsidiaryItalian-Thai and its affiliates933 6,454 
1,368 11,018 
Amounts due to related parties
The ultimate parent companyPEWC5,849 14,814 
PEWC Singapore Co. (Pte) Ltd.400 400 
PEWC (HK)26 
SUMI-PAC CONSTRUCTION COMPANY, LTD.299 — 
PACIFIC UNION CO., LTD.17 — 
AssociateSPHC1,362 1,362 
Others13 11 
7,941 16,613 
Contract liabilities
The ultimate parent companyPEWC— 137 
The transactions undertaken with related parties are summarized as follows:
For the year ended December 31,
202320222021
US$’000US$’000US$’000
The ultimate parent company
PEWCPurchases23,093 24,914 20,359 
Sales14 — 5,254 
Fabrication income received— — 25 
Construction income received1,006 — 
Management fee received29 10 — 
Management fee paid205 172 153 
Information technology service fee paid132 120 113 
Training fee paid— — 110 
Interest expenses paid— — 91 
Rental fee paid104 18 — 
Vehicle sale proceeds received18 — — 
Materials purchased for interior office redecorating— — 
SUMI-PAC CONSTRUCTION COMPANY, LTD.Rental fee received26 — — 
Service fee received 31 — — 
Purchases280 — — 
Pacific Charity FoundationRental fee received— — 
PACIFIC UNION CO., LTD.Construction income received11 — — 
For the year ended December 31,
202320222021
US$’000US$’000US$’000
Chung-Tai Technology Development Engineering CorporationRental fee received11 — — 
Service fee received — — 
PEWC, Singapore BranchManagement fee received— — 14 
PEWC (HK)Sales7,437 18,309 25,127 
Service fee paid67 156 219 
Non-controlling shareholder of subsidiary
Italian Thai and its affiliatesSales5,230 8,772 6,613 
Construction of factory building expenses— — 1,651 
Loss allowance4,565 — — 
OthersFabrication cost150 277 350 
Vehicle sale proceeds received25 — — 
Compensation of Key Management Personnel
For the years ended December, 31
202320222021
US$’000US$’000US$’000
Short-term employee benefits1,898 1,953 2,372 
Post-employment benefits88 48 84 
Total compensation paid to key management personnel1,986 2,001 2,456