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Far East Consortium International ( (HK:0035) ) has provided an update.
Far East Consortium International Limited announced an extension of the termination date for the Heads of Agreement with The Star, related to the QWB Project. The extension aims to facilitate an orderly transition of management responsibilities and ensure certainty for stakeholders. The Star is required to fulfill specific payment obligations by the original termination date, with potential asset transfers if obligations are unmet. This development reflects ongoing negotiations and adjustments in the company’s strategic partnerships.
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, operating with limited liability. It is involved in various sectors, with a focus on real estate development and management, hospitality, and car park operations, primarily in the Asia-Pacific region.
YTD Price Performance: -13.98%
Average Trading Volume: 1,042,689
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$2.45B
For an in-depth examination of 0035 stock, go to TipRanks’ Overview page.