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Notes to the Consolidated Financial Statements31 December 2024212ADVANCING AHEAD32.DISPOSAL GROUP HELD FOR SALEDisposal group held for sale is primarily related to the following portfolio of warehousing facilities:Hong Kong warehousing facilityThe Group initiated the sale of a portfolio of warehousing facility (the %u201cTarget Entity%u201d) in Hong Kong with potential investors. The Target Entity is a wholly-owned subsidiary of the Company as of 31 December 2024. As a result, all assets and liabilities of the Target Entity (including the investment property) were reclassified as disposal group held for sale as at 31 December 2024.Details of assets and liabilities classified as held for sale as at 31 December 2024 are as follows:As at 31 December 2024US$%u2019000AssetsInvestment properties262,623Cash and bank balances4,912Other assets467Assets of a disposal group classified as held for sale268,002LiabilitiesBank and other borrowings(130,906)Other liabilities(138,604)Liabilities directly associated with assets classified as held for sale(269,510)Net liabilities directly associated with the disposal group(1,508)As at 31 December 2024, the bank and other borrowings of US$130,906,000 bears floating interest rate with maturity in August 2028. As of 31 December 2024, the interest rate was 6.49% per annum. The investment property with a fair value of US$262,623,000 was pledged to secure bank and other borrowings.The fair value of the investment properties under the disposal group held for sale as at 31 December 2024 was based on the valuation conducted by Colliers International (Hong Kong) Limited using residual method on the development potential of the property conversion to the data centre (Level 3).