Company: TGE
Filing Date: 2025-02-19
Form Type: DRS
Source: 0001213900-25-015012
Chunk: 515

Company: Generation Essentials Group
Filing Date: 2025-02-19
Form: DRS
Chunk 515
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 Art Newspaper SA been completed on January 1, 2023, revenue for the year of the Group would have been US$46.6 million, and profit for the year would have been US$16.2 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, 2023, nor is it intended to be a projection of future events.

F-75

WORLD MEDIA AND ENTERTAINMENT UNIVERSAL INC.
NOTES TO THE COMBINED FINANCIAL STATEMENTS FOR THE YEARS ENDED DECEMBER 31, 2022 and 2023 and
six months ended June 30, 2023 AND 2024 34.ACQUISITIONS OF SUBSIDIARIES (cont.) For the six months ended June 30, 2024 Acquisition of Singapore hotel companies On April 1, 2024, the Group agreed with another shareholder of Singapore hotel companies that the Group owns the controlling interests of Singapore hotel companies, accordingly, Singapore hotel companies became the non -whollyowned subsidiaries of the Group without change of the percentage of ownership. Assets and liabilities at the date of acquisition

|                                             |     |  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