Company: TGE
Filing Date: 2025-07-10
Form Type: 424B3
Source: 0001213900-25-062835
Chunk: 309

Company: Generation Essentials Group
Filing Date: 2025-07-10
Form: 424B3
Chunk 309
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 are initially
measured at the non-controlling interests’ proportionate share of the recognized amounts of the acquiree’s identifiable net
assets or at fair value.

The Company accounts for the business combination with entities
under common control using historical carrying values and under a prospective basis which involves the Company accounting for the combination
prospectively from the date on which it occurred. For predecessor accounting:

| ● | Assets and liabilities of the acquired entity are stated at 
 carrying amounts. Fair value measurement is not required.   |

| ● | Income statement reflects the results of the combining parties. |

| ● | No new goodwill arises in predecessor accounting. |

| ● | Any difference between the consideration given and the aggregate                                                                     
 carrying value of the assets and liabilities of the acquired entity at the date of the transaction is recognized in capital reserve. |

A joint venture is a type of joint arrangement whereby the
parties that have joint control of the arrangement have rights to the net assets of the joint venture. Joint control is the contractually
agreed sharing of control of an arrangement, which exists only when decisions about the relevant activities require the unanimous consent
of the parties sharing control.

The Group’s investment in joint ventures are stated
in the consolidated statement of financial position at cost and the Group’s share of net assets under the equity method of accounting,
less any impairment losses. The financial statements of joint ventures used for equity accounting purposes are prepared using uniform
accounting policies as those of the Group for like transactions and events in similar circumstances. Appropriate adjustments have been
made to conform the joint venture’s accounting policies to those of the Group. The Group’s share of the post-acquisition results
and other comprehensive income of joint ventures is included in the consolidated statement of profit or loss and other comprehensive income,
respectively. Changes in net assets of joint venture other than profit or loss and other comprehensive income are not accounted for unless
such changes resulted in changes in ownership interest held by the Group. When the Group’s share of losses of a joint venture exceeds
the Group’s interest in that joint venture exceeds the Group’s interest in that joint venture, the Group discontinues recognising
its share of further losses. Additional losses are recognized only to the extent that the Group has incurred legal or constructive obligations
or made payments on behalf of the joint venture.

<div align='center'>F-54

THE GENERATION ESSENTIALS GROUP
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
F OR THE YEARS ENDED DECE