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The latest announcement is out from Far East Consortium International ( (HK:0035) ).
Far East Consortium International Limited has agreed to dispose of certain Malaysian assets located in a prime area of Kuala Lumpur for MYR55 million (approximately HK$104.5 million) through a conditional sale and purchase agreement dated 22 December 2025 between its subsidiary Target Term Sdn. Bhd. and Surplus Pact (MM2H) Sdn. Bhd. The consideration, aligned with an independent valuation, will be paid via a 10% deposit and a balance upon completion, and the deal is positioned as part of the group’s strategy to divest non-core assets and realise gains based on the estimated book value at completion. As the purchaser is indirectly wholly owned by the company’s CEO and controlling shareholder, Tan Sri Dato’ David Chiu, and his spouse, the disposal constitutes a connected transaction under Hong Kong listing rules, triggering reporting and announcement requirements but falling within the lower disclosure threshold given the small percentage ratio involved.
The most recent analyst rating on (HK:0035) stock is a Buy with a HK$0.93 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 engaged primarily in property development, investment and related businesses across Asia-Pacific, including hotel ownership and management, car parks and other property-related operations. The group actively manages its portfolio by developing, operating and selectively divesting assets in key regional markets such as Hong Kong, mainland China, Australia, the United Kingdom and Southeast Asia, including Malaysia.
YTD Price Performance: -22.58%
Average Trading Volume: 925,983
Technical Sentiment Signal: Strong Sell
Current Market Cap: HK$2.2B
See more insights into 0035 stock on TipRanks’ Stock Analysis page.