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(LOSS)/PROFIT FOR THE YEAR ON DISCONTINUED OPERATIONS (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure of loss on discontinued operations [Abstract]  
Schedule of Operating Profit For The Discontinued Operations
 
 
December 31, 
2024
US$‘000
   
December 31,
2023
US$‘000
   
December 31,
2022
US$‘000
 
Revenue
   
-
     
2,784
     
12,258
 
Operating expenses
   
-
     
(2,652
)
   
(9,679
)
Tax expense (Note 7)
   
-
     
-
     
(2
)
 
                       
Profit from operating activities
   
-
     
132
     
2,577
 
                         
(Loss)/Gain on sale of discontinued operations
   
(573
)
   
12,718
     
-
 
 
                       
(Loss)/Profit for the year from discontinued operations
   
(573
)
   
12,850
     
2,577
 
Schedule of Net Cashflows Generated From Discontinued Operations
   
December 31,
2024
   
December 31,
2023
 
   
US$’000
   
US$’000
 
             
Cash received from sale of the discontinued operations net of transaction costs
   
-
     
28,935
 
Cash sold as a part of discontinued operations
   
-
     
(775
)
Net cash inflow on date of disposal
   
-
     
28,160
 
Schedule of Assets and Liabilities Disposed
 
 
Net assets disposed in 2023
   
Post disposal adjustment
   
Net assets disposed/adjusted
 
   
US$‘000
   
US$‘000
   
US$‘000
 
                   
Property plant & equipment
   
103
     
-
     
103
 
Goodwill and intangible assets
   
14,123
     
-
     
14,123
 
Inventory
   
1,160
     
-
     
1,160
 
Cash
   
775
     
-
     
775
 
Trade and other receivables
   
1,309
     
(423
)
   
886
 
Trade and other payables
   
(864
)
   
(150
)
   
(1,014
)
Lease liabilities
   
(106
)
   
-
     
(106
)
Current corporation tax
   
(2
)
   
-
     
(2
)
Deferred tax liability
   
(195
)
   
-
     
(195
)
 Total net assets disposed
   
16,303
     
(573
)
   
15,730
 
Schedule of Earnings Per ADS for Discontinued Operations
 
 
December 31,
2024
   
December 31,
2023
   
December 31,
2022
 
Basic (loss)/earnings per ‘A’ share (US Dollars) – discontinued operations
   
(0.00
)
   
0.08
     
0.02
 
Diluted (loss)/earnings per ‘A’ share (US Dollars) – discontinued operations
   
(0.00
)
   
0.07
     
0.02
 
 
 
December 31,
2024
   
December 31,
2023
   
December 31,
2022
 
Basic (loss)/earnings per ADS (US Dollars) – discontinued operations
   
(0.03
)
   
1.68
     
0.38
 
Diluted (loss)/earnings per ADS (US Dollars) – discontinued operations
   
(0.03
)
   
1.44
     
0.33
 
Schedule of Cash Flows Attributable to Discontinued Operations
 
 
December 31,
2024
   
December 31,
2023
   
December 31,
2022
 
   
US$000
   
US$000
   
US$000
 
Cash (outflow)/inflow from operating activities
   
-
     
(177
)
   
3,798
 
Cash inflow from investing activities
   
-
     
28,160
     
-
 
Cash outflow from financing activities
   
-
     
-
     
(10,800
)