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Bank Loans and Banking Facilities (Tables)
12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Bank Loans and Banking Facilities

Bank loans consisted of the following:

 

At December 31,

 

2019

 

 

2020

 

 

 

(’000)

 

 

(’000)

 

Short-term bank loans

 

$

1,433

 

 

$

 

Debt issuance cost

 

 

(23

)

 

 

Total short-term debt

 

 

1,410

 

 

 

 

 

 

 

 

 

 

 

 

Long-term bank loans

 

$

96,354

 

 

$

123,159

 

Debt issuance cost

 

 

(412

)

 

(276

)

Total debt

 

 

95,942

 

 

 

122,883

 

Less: current maturities

 

 

(2,081

)

 

(122,883

)

Total long-term debt

 

$

93,861

 

 

$

 

 

Schedule of Maturities of Long-term Bank Loan

Future maturities of long-term bank loan are as follows:

 

At December 31,

 

2020

 

 

 

(’000)

 

2021

 

$

123,159

 

Total

 

$

123,159

 

 

Schedule of Bank Loans

The details of bank loans during the year ended December 31, 2020 are as follows:

 

 

 

 

(’000)

 

 

Repayment

Frequency

Loan from Bank of Beijing(1)

Due August 14, 2022, at 6.46% per annum

 

$

7,017

 

 

Quarterly

Loan from Bank of China(2)

Due November 7, 2028, at 6.072% per annum

 

 

95,559

 

 

Semi-annually

Loan from Xiamen International Bank(6)

Due January 6, 2022, at 7.40% per annum

 

 

16,365

 

 

Semi-annually

Loan from Industrial Bank(5)

Due October 20, 2022, at 6.175% per annum

 

 

4,218

 

 

Quarterly

Total

 

$

123,159