ESR AR 2019 EN

Notes to the Consolidated Financial Statements 31 December 2019 205 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS ESR Annual Report 2019 32. DISPOSAL GROUP HELD FOR SALE (continued) Lease receivables under non-cancellable operating leases generated from completed investment properties under the disposal group held for sale are as follows: As at 31 December 2019 USD’000 Within one year 5,800 After one year but within two years 5,974 After two years but within three years 6,153 After three years but within four years 6,338 After four years but within five years 6,041 30,306 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 As at 31 December 2019 2018 USD’000 USD’000 Percentage of equity interests held by non-controlling interests at the reporting date: Preference shares issued by subsidiaries: Redwood Fujiidera Investor Ltd. (i) 86% 86% Redwood Asian Investments 2 Ltd. (ii) 86% 86% Equity interest held by non-controlling interests: Mingyue Logistics Pte. Ltd. (iii) 35% 35% Higashi (iv) 30% 30% Shanghai Yurun (v) 26% N/A