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An announcement from Far East Orchard Ltd. ( (SG:O10) ) is now available.
Far East Orchard Ltd. announced the termination of its joint venture agreement with Real Hospitality Group Asia Co., Limited, which was initially aimed at establishing a hospitality management business in China. The decision to terminate was due to the inability to find suitable opportunities post-COVID-19 recovery in the tourism sector. The company stated that this termination will not materially impact its financial performance for the year ending December 2025, and it remains committed to seeking strategic opportunities in other regions.
More about Far East Orchard Ltd.
Far East Orchard Ltd., incorporated in Singapore, operates in the hospitality industry. The company focuses on hospitality management services, aiming to expand its business across various jurisdictions.
Average Trading Volume: 66,562
Technical Sentiment Signal: Strong Buy
Current Market Cap: S$494M
Find detailed analytics on O10 stock on TipRanks’ Stock Analysis page.