Company: TGE
Filing Date: 2025-11-21
Form Type: POS AM
Source: 0001213900-25-113604
Chunk: 324

Company: Generation Essentials Group
Filing Date: 2025-11-21
Form: POS AM
Chunk 324
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 |     | US$’000 |          |   |
| Cash and cash balances                      |     |         |    4,273 |   |
| Accounts receivable                         |     |         |      920 |   |
| Prepayments, deposits and other receivables |     |         |      622 |   |
| Property, plant and equipment               |     |         |  349,061 |   |
| Accounts payable                            |     |         |     (116 | ) |
| Other payables and accruals                 |     |         |     (467 | ) |
| Provisions                                  |     |         |   (1,406 | ) |
| Borrowings                                  |     |         | (159,722 | ) |
| Contract liabilities                        |     |         |     (471 | ) |
| Tax payables                                |     |         |     (214 | ) |
| Amounts due to shareholders                 |     |         |  (47,157 | ) |
| Non-controlling interest                    |     |         |  (71,136 | ) |
| Net assets acquired                         |     |         |   74,187 |   |
| Investment in joint ventures eliminated     |     |         |   74,187 |   |

The fair values and gross contractual
amounts of accounts receivable and other receivables at the date of acquisition amounted to of approximately US$920,000 and US$622,000,
respectively. No accounts receivable and other receivables were expected to be uncollectible.

Net cash inflow on acquisition of Singapore hotel companies

| Cash and cash equivalents balances 
 acquired                           |     | 4,273 |

Impact of acquisition on the results of the Group

Included in the consolidated profit
for the year is the loss of US$6.3 million attributable to the business generated by Singapore hotel companies. Revenue for the
year includes US$17.3 million generated from the acquisition.

Had the acquisition of Singapore hotel
companies been completed on January 1, 2024, revenue for the year of the Group would have been US$82.9 million, and profit
for the year would have been US$43.0 million. The pro forma information is for illustrative purposes only and is not necessarily
an indication of revenue and results of the operations of the Group that actually would have been achieved had the acquisition been completed
on January 1, 2024, nor is it intended to