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Far East Consortium International ( (HK:0035) ) just unveiled an update.
Far East Consortium International Limited announced the termination of its Heads of Agreement (HOA) with The Star, a decision that will take effect on July 7, 2025. The termination requires The Star to repay A$10 million to the joint venture partners or transfer its 33.3% interest in Tower 1 (Dorsett) if the repayment is not made within 30 days. This move indicates a significant shift in the company’s strategic plans, potentially impacting its operations and market positioning in Australia.
The most recent analyst rating on (HK:0035) stock is a Buy with a HK$1.55 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, operating with limited liability. It is involved in various business ventures and is listed on the Hong Kong Stock Exchange. The company, along with its subsidiaries, engages in property development, hotel operations, and car park operations, focusing on markets primarily in Asia and Australia.
YTD Price Performance: -8.60%
Average Trading Volume: 1,005,155
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$2.6B
Find detailed analytics on 0035 stock on TipRanks’ Stock Analysis page.