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Far East Consortium International ( (HK:0035) ) just unveiled an announcement.
Far East Consortium International Limited has announced a discloseable transaction involving the sale of the Ritz Carlton Hotel in Perth, Australia. The transaction, valued at A$100 million, involves the sale of shares and the assignment of a loan, subject to specific terms and conditions. This strategic move is expected to impact the company’s financial positioning and market presence, aligning with its ongoing business strategies.
The most recent analyst rating on (HK:0035) stock is a Buy with a HK$0.93 price target. To see the full list of analyst forecasts on Far East Consortium International stock, see the HK:0035 Stock Forecast page.
More about Far East Consortium International
Far East Consortium International Limited is a company incorporated in the Cayman Islands, focusing on property development and hospitality services. The company is listed on the Hong Kong Stock Exchange and engages in real estate and hotel operations across various international markets.
YTD Price Performance: -22.58%
Average Trading Volume: 1,050,825
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$2.2B
For detailed information about 0035 stock, go to TipRanks’ Stock Analysis page.