Equity Method Investments

12 Months Ended

Mar. 31, 2025

Disclosure of reserves within equity [abstract]

Equity Method Investments

12.EQUITY METHOD INVESTMENTS

	Successor		Successor		Predecessor
	As of March 31, 2025		As of March 31, 2024		As of March 31, 2023
	US$’000		US$’000		US$’000
Opening balance		—		—		10,748
Share of associates’ profits during the year		—		—		3,427
Dividends received from associates during the year		—		—		(3,402	)
De-recognition of equity method investments upon disposal of    associates		—		—		(10,773	)
		—		—		—

In the financial year ended March 31, 2023, the Predecessor entered into agreements to dispose of its entire interests in its associates for a total cash consideration of $11.6 million to Sumitomo Corporation. The divestments of SC Tubular Solutions (B) Sdn. Bhd. and VAM® BRN Sdn. Bhd. were completed on February 16, 2023 and March 14, 2023, respectively and the share of associates’ profits received amounted to $3.4 million. The transactions were conducted between entities under common control as OMS Holdings Pte. Ltd. was a wholly owned subsidiary of Sumitomo Corporation upon the time of the disposal. Therefore, the transactions were accounted for under historical value and the additional payment of $0.8 million over the carrying value of the equity method investments was recognized as a capital injection from Sumitomo Corporation into the Predecessor.