GOODWILL AND ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2021

GOODWILL AND ACQUISITIONS [Abstract]

Changes in Carrying Amount of Goodwill

The changes in the carrying amount of goodwill are as follows:

	As of December 31,
	2020			2021
	$			$
At the beginning of the financial year		30,952			216,278
Acquisition		200,573			327,026
Disposals		(15,247	)		–
Foreign currency translation		–			(3,680	)
At the end of the financial year		216,278			539,624

Allocation of Purchase Price

The allocation of the purchase price as of the date of acquisition is summarized as follows:

	$
Cash and cash equivalent		53,757
Others		6,383
Total assets acquired		60,140
Income tax payable		(25,682	)
Others		(4,763	)
Total liabilities assumed		(30,445	)
Net assets acquired		29,695
Fulfilled by:
Share consideration(1)		270,733
Cash consideration		85,988
Goodwill		327,026

⁽¹⁾ Measured based on the fair value of the Company’s ordinary shares on the date of acquisition.