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An announcement from Far East Consortium International ( (HK:0035) ) is now available.
Far East Consortium International Limited has announced a series of transactions involving The Star Group, which include the acquisition and sale of various securities and assets. These transactions will result in joint ventures and changes in ownership structures, impacting the company’s financial consolidation and market positioning. The company will retain development rights in the DGCC Precinct, with potential financial implications if these rights are terminated. The transactions are significant enough that an alternative size test is being considered by the Stock Exchange to better reflect the company’s market capitalization and the materiality of these transactions.
The most recent analyst rating on (HK:0035) stock is a Buy with a HK$1.25 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, primarily engaged in property development, hospitality, and car park operations. The company has a significant presence in the Asia-Pacific region and focuses on real estate development and investment opportunities.
Average Trading Volume: 910,005
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.45B
See more insights into 0035 stock on TipRanks’ Stock Analysis page.