Far East Consortium completes DBC stake deal and issues major guarantee for Queensland project

Far East Consortium International ( (HK:0035) ) just unveiled an update.

Far East Consortium International Limited and Chow Tai Fook Enterprises have completed the acquisition of The Star Group’s 50% equity interest in Destination Brisbane Consortium (DBC), giving each of them equal ownership in the project vehicle. Following this step, the transfer of their combined 66.66% stake in DGCC to The Star Group, DBC’s purchase of Treasury assets and the acquisition of The Star Group’s interest in the Charlotte Street joint venture are expected to close in the second half of 2026.

The group estimates it may book a pre‑tax gain of about HK$1.01 billion from the broader set of transactions once fully completed, underscoring the financial significance of the restructuring around the Queensland development. On 31 March 2026 the company also agreed to provide a guarantee to the State, covering around A$248.18 million, or half of the projected completion cost of the development, and is seeking an alternative size test from the Hong Kong Stock Exchange to determine whether the guarantee will be treated as a discloseable or major transaction under listing rules, a decision that will shape its disclosure and shareholder approval obligations.

The most recent analyst rating on (HK:0035) stock is a Hold with a HK$0.86 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 Hong Kong‑listed conglomerate incorporated in the Cayman Islands, with activities that include property development and investment. The group is involved in large‑scale mixed‑use and hospitality‑related projects, including Australian developments undertaken through joint ventures and related project companies.

Average Trading Volume: 395,683

Technical Sentiment Signal: Strong Sell

Current Market Cap: HK$2.42B

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