16. Joint Venture Companies 30th June 31st December 2023 2022 HK$M HK$M Share of net assets, unlisted 19,253 24,286 Goodwill – 303 19,253 24,589 Loans due from joint venture companies less provisions – Interest-free 11,399 13,360 – Interest-bearing 2,928 1,913 14,327 15,273 On 22nd February 2023, the Group completed the second and third Master Agreements to acquire 35% equity interests in existing joint venture companies in Sino-Ocean Taikoo Li Chengdu in the Chinese Mainland from Sino-Ocean Group Holding Limited and its subsidiaries. The joint venture companies became wholly-owned subsidiaries of the Group at the date of completion. Details of the purchase consideration, the net identifiable assets acquired and goodwill are disclosed in note 31. 17. Associated Companies 30th June 31st December 2023 2022 HK$M HK$M Share of net assets, unlisted 489 473 Loans due from associated companies less provisions – Interest-free 6 12 – Interest-bearing 40 40 46 52 69