Company: TGE
Filing Date: 2025-12-03
Form Type: 424B3
Source: 0001213900-25-117807
Chunk: 158

Company: Generation Essentials Group
Filing Date: 2025-12-03
Form: 424B3
Chunk 158
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 by US$3.3 million.
The net increase in working capital was primarily attributable to a decrease in other payables and accruals of US$1.9 million, a
decrease in accounts payable of US$1.6 million and an increase in accounts receivable of US$0.9 million, partially offset by
an increase in contract liabilities of US$0.8 million.

Investing Activities

Cash used in investing
activities in the six months ended June 30, 2025 was US$0.8 million, arising from the additions to property, plant and equipment.

Cash generated from investing
activities in 2024 was US$3.3 million, consisting primarily of the acquisition of subsidiaries of US$4.3 million, partially
offset by the disposal of subsidiaries of US$1.0 million.

Cash generated from investing
activities in 2023 was US$6.7 million, consisting primarily of net receipt from amounts due from joint ventures.

Cash generated from investing
activities in 2022 was US$0.2 million due to the acquisition of subsidiaries.

Financing Activities

Cash used in financing
activities in the six months ended June 30, 2025 was US$13.1 million, consisting primarily of US$4.8 million of interests paid and US$21.1
million of net payment for amount due to ultimate holding company, partially offset by US$12.9 million of proceeds upon the completion
of the Business Combination.

Cash generated from financing
activities in 2024 was US$6.2 million, consisting primarily of net receipt from amount due to ultimate holding company of US$34.9 million,
partially offset by interest paid of US$10.9 million and repayment paid to subsidiaries’ non-controlling shareholders of US$15.7
million.

Cash used in financing activities
in 2023 was US$2.5 million, consisting primarily of interest paid of US$2.6 million and repayment to subsidiaries’ non-controlling
shareholders of US$2.1 million, partially offset by net receipt from amount due to ultimate holding company of US$2.8 million.

Cash generated from financing
activities in 2022 was US$1.1 million, consisting primarily of new bank borrowing raised of US$5.3 million and net receipt
from amount due to ultimate holding company of US$3.7 million, partially offset by repayment to subsidiaries’ non-controlling
shareholders of US