FORWARD TOGETHER Notes to the Consolidated Financial Statements 31 December 2022 202 33. SUBSIDIARIES WITH MATERIAL NON-CONTROLLING INTERESTS Details of the Group’s subsidiaries that have material non-controlling interests are set out below: As at 31 December 2022 As at 31 December 2021 Percentage of equity interests held by non-controlling interests at the reporting date: Equity interest held by non-controlling interests: Higashi 30% 30% Shanghai Yurun 30% 30% Sunwood Astra Pte Ltd 50% N/A LOGOS Property Group Limited 13.6% N/A US$’000 US$’000 Profit for the year allocated to non-controlling interests: Equity interests held by non-controlling interests: Higashi 12,710 6,512 Shanghai Yurun 619 7,559 Sunwood Astra Pte Ltd 12,042 N/A LOGOS Property Group Limited 7,742 N/A 33,113 14,071 Accumulated balances of non-controlling interests at the reporting date: Equity interests held by non-controlling interests: Higashi 38,313 29,442 Shanghai Yurun 97,749 106,561 Sunwood Astra Pte Ltd 39,245 N/A LOGOS Property Group Limited Nil N/A 175,307 136,003
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