Notes to the financial statements Year ended 31 December 2024 9. CASH AND CASH EQUIVALENTS Group Trust 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Cash at banks and in hand 34,131 20,665 1,201 1,208 Fixed deposits with financial institutions 194,714 222,799 2,500 – 228,845 243,464 3,701 1,208 10. ASSETS/LIABILITIES HELD FOR SALE On 6 December 2023, the Group announced that it had, through its subsidiary, entered into a conditional equity interests transfer agreement with an unrelated party to divest the issued shares of CapitaRetail Beijing Shuangjing Real Estate Co., Ltd., which holds CapitaMall Shuangjing. The completion of the divestment was announced on 23 January 2024. At 31 December 2023, the disposal group was stated at fair value less costs to sell and comprised the following assets and liabilities: Note CapitaMall Shuangjing $’000 Group 2023 Investment property 4 156,907 Plant and equipment 5 29 Trade and other receivables 2,871 Cash and cash equivalents 1,376 Assets held for sale 161,183 Trade and other payables 708 Security deposits 1,298 Deferred tax liabilities 14 28,651 Liabilities held for sale 30,657 The investment property was valued based on the agreed property price with buyer. 128 CapitaLand China Trust
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