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An update from Far East Consortium International ( (HK:0035) ) is now available.
Far East Consortium International Limited has announced further details regarding its transactions with The Star Group, which involve the transfer of interests in the DGCC and Charlotte Street Car Park. The company will no longer hold equity in DGCC, while maintaining a joint venture interest in Charlotte Street JV. A significant aspect of the transaction includes a financial arrangement where the Joint Venture Partners provided a loan to support The Star’s liquidity, secured by future proceeds from apartment sales in Tower 2 (Andaz). This strategic move is expected to stabilize The Star’s financial position and align with the asset swap structure outlined in the Implementation Deed.
The most recent analyst rating on (HK:0035) stock is a Hold with a HK$1.00 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 with limited liability. It operates in the real estate and hospitality sectors, focusing on property development, hotel operations, and car park management. The company is listed on the Hong Kong Stock Exchange and engages in joint ventures to expand its market presence.
YTD Price Performance: -22.58%
Average Trading Volume: 1,159,367
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$2.2B
For an in-depth examination of 0035 stock, go to TipRanks’ Overview page.