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Far East Holdings International Ltd. ( (HK:0036) ) has provided an update.
Far East Holdings International Ltd. has announced a memorandum of understanding for a potential acquisition of a target group involved in the property business. The agreement includes an exclusivity period and due diligence review, with the aim to negotiate a sale and purchase agreement. This move could potentially enhance the company’s market position and expand its property portfolio, pending satisfactory due diligence and valuation.
More about Far East Holdings International Ltd.
Far East Holdings International Ltd. operates in the real estate sector, focusing on property-related business ventures. The company, along with its subsidiaries, is engaged in acquiring and managing property assets.
YTD Price Performance: 28.77%
Average Trading Volume: 98,586
Technical Sentiment Signal: Sell
Current Market Cap: HK$150.3M
Learn more about 0036 stock on TipRanks’ Stock Analysis page.