v3.24.3
WML Convertible Bond Conversion Option Derivative (Tables)
 9 Months Ended
Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Valuation Techniques for Embedded Derivative The following table sets forth the inputs to the lattice models that were used to value the WML Convertible Bond Conversion Option Derivative:
September 30, 2024December 31, 2023
WML stock priceHK$6.76 HK$6.43 
Estimated volatility33.3 %34.0 %
Risk-free interest rate3.0 %3.3 %
Expected term (years)4.4 5.2 
Dividend yield (1)
0.0 %0.0 %
(1) Dividend yield is assumed to be zero in the lattice model used to value the WML Convertible Bond Conversion Option Derivative, due to a dividend protection feature in the WML Convertible Bond Agreement.