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Far East Consortium International ( (HK:0035) ) has shared an announcement.
Far East Consortium International Limited has announced a discloseable transaction involving the sale of a hotel and town hall property in North London, UK. The properties, located in a historic Grade II listed building, are being sold for approximately £22.7 million and £24.5 million respectively, with the transaction expected to generate a gain of approximately £14.8 million. This move aligns with the company’s strategy to realize value from non-core assets and capitalize on redevelopment opportunities in a unique location, despite the uncertain economic outlook in the UK.
More about Far East Consortium International
Far East Consortium International Limited is a diversified conglomerate based in the Cayman Islands, primarily engaged in property development, hotel operations, and car park management. The company focuses on unlocking development profits from its hotel portfolio and divesting non-core assets to enhance its strategic positioning.
Average Trading Volume: 1,306,777
Technical Sentiment Signal: Sell
Current Market Cap: HK$2.75B
For detailed information about 0035 stock, go to TipRanks’ Stock Analysis page.