86 Notes to Condensed Consolidated Financial Information 30 June 2024 STRENGTH IN UNITY 23. DISPOSAL OF SUBSIDIARIES Fenhu Quansheng In April 2024, the Group has, through its subsidiary, entered into a sale and purchase agreement to dispose of the 100% interests in a subsidiary, Suzhou Eshang Quansheng Warehousing Service Co., Ltd, to RMB Income Fund. US$’000 Net assets disposed of: Investment properties 37,263 Cash and bank balances 43 Other assets 1,748 Bank and other borrowings (8,143) Other liabilities (4,935) 25,976 Exchange fluctuation reserve 732 Gain on disposal of subsidiaries 3,765 30,473 Satisfied by: Other receivables 30,473 An analysis of the net cash and cash equivalents in respect of the disposal of a subsidiary is as follows: US$’000 Cash consideration — Cash and bank balances of a subsidiary disposed of (43) Net outflow of cash and cash equivalents included in cash flows related to investing activities (43)
RkJQdWJsaXNoZXIy MTIwODcxMw==