Company: TGE
Filing Date: 2025-05-06
Form Type: F-4/A
Source: 0001213900-25-040058
Chunk: 355

Company: Generation Essentials Group
Filing Date: 2025-05-06
Form: F-4/A
Chunk 355
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9 million, consisted primarily of net fair value changes on financial assets at FVTPL of US$13.0 million, dividend income of US$6.4 million and gain from a bargain purchase of US$4.8 million, partially offset by finance costs of US$2.6 million; (ii) a net increase in working capital 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.

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Investing Activities 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 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 -controllingshareholders of US$15.7million. 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 -controllingshareholders 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 -controllingshareholders of US$6.4 million and interest paid of US$1.6 million. Material Cash Requirements Our material cash requirements as of December31, 2024 and any subsequent interim period primarily include (i) borrowings, (ii) amount due to our ultimate holding