GOODWILL AND ACQUISITIONS (Tables)

12 Months Ended

Dec. 31, 2022

GOODWILL AND ACQUISITIONS [Abstract]

Changes in Carrying Amount of Goodwill

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

	Year ended December 31,
	2021			2022
		$			$
At the beginning of the financial year		216,278			539,624
Acquisitions		327,026			60,695
Impairment		–			(354,943	)
Foreign currency translation		(3,680	)		(15,168	)
At the end of the financial year		539,624			230,208

Allocation of Purchase Price

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

	$
Cash and cash equivalent		26,312
Others		31,056
Total assets acquired		57,368
Total liabilities assumed		(19,311	)
Net assets acquired		38,057
Fulfilled by:
Cash consideration		84,387
Contingent consideration		1,805
Fair value of non-controlling interests(1)		12,560
Goodwill		60,695

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