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Far East Consortium International ( (HK:0035) ) just unveiled an update.
Far East Consortium International Limited announced a discloseable transaction involving the disposal of shares in BC Investment Group Holdings Limited. The transaction includes a contingent Per Share Earn-Out Payment, which could represent up to 4.7% of the Purchase Price, depending on the performance of the Target Group post-completion. Additionally, the Purchaser will repay an underwriting fee on behalf of the Target Company, fulfilling obligations under a previous agreement. This transaction is expected to potentially enhance the company’s financial position and align with its strategic goals.
More about Far East Consortium International
Far East Consortium International Limited is a company incorporated in the Cayman Islands, primarily engaged in property development, hospitality, and car park operations. It focuses on creating value through strategic investments and developments across various markets.
YTD Price Performance: -3.75%
Technical Sentiment Signal: Buy
Current Market Cap: $351M
For an in-depth examination of 0035 stock, go to TipRanks’ Stock Analysis page.