214 Notes to the Consolidated Financial Statements 31 December 2023 36. DISPOSAL OF SUBSIDIARIES (continued) The Group also disposed the following subsidiaries during the year: Name of subsidiaries disposed Equity interest disposed Month of disposal NSHL Holdco and NSHL LLC 51% October 2023 Yen Phong Holdco 100% October 2023 Hai Phong Industrial Development (Vietnam) Company Limited 51% November 2023 Yen Phong Industrial Development (Vietnam) Company Limited 51% November 2023 PT ESR Indonesia Properties One 80% July 2023 PT ESR Indonesia Properties Two 80% July 2023 PT ESR Indonesia Properties Three 80% July 2023 ARA Managers (MIP) Pte Ltd 100% October 2023 ARA Managers (Harmony V) Pte Ltd 100% October 2023 ARA Fund Management (CIP) Limited 100% December 2023 ARA Real Estate Partners Asia III GP S.à r.l 100% December 2023 US$’000 Net assets disposed of: Investment properties 129,332 Cash and bank balances 13,819 Other assets 8,094 Bank and other borrowings (24,288) Other liabilities (77,318) Non-controlling interests (3) 49,636 Exchange fluctuation reserve 2,073 Loss on disposal of subsidiaries (1,234) 50,475 Satisfied by: Cash 23,154 Investments in joint ventures 22,416 Other receivables 4,905 50,475 An analysis of the net inflow of cash and cash equivalents in respect of the disposal of subsidiaries is as follows: US$’000 Cash consideration 23,154 Cash and bank balances of subsidiaries disposed of (13,819) Net inflow of cash and cash equivalents included in cash flows related to investing activities 9,335 STRENGTH IN UNITY
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