88 Notes to Condensed Consolidated Financial Information 30 June 2024 STRENGTH IN UNITY 23. DISPOSAL OF SUBSIDIARIES (continued) Dangmok Holding In January 2024, the Group has, through its wholly-owned subsidiary, entered into a sale and purchase agreement to dispose of the 45% interests in a subsidiary, which is Dangmok Holding Pte. Ltd., to a third party. US$’000 Net assets disposed of: Investment properties 54,857 Cash and bank balances 379 Other assets 39 Other liabilities (2,587) Non-controlling interests (105) 52,583 Exchange fluctuation reserve (2,427) Gain on disposal of subsidiaries 1,507 51,663 Satisfied by: Cash 23,632 Investments in joint ventures 28,031 51,663 An analysis of the net cash and cash equivalents in respect of the disposal of a subsidiary is as follows: US$’000 Cash consideration 23,632 Cash and bank balances of a subsidiary disposed of (379) Net inflow of cash and cash equivalents included in cash flows related to investing activities 23,253
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