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Far East Orchard’s Joint Venture Faces Cybersecurity Incident

Story Highlights
  • Far East Orchard Limited is involved in the hospitality industry with a significant stake in TFE Hotels.
  • A cybersecurity incident at TFE Hotels has impacted its networks, but Far East Orchard’s systems are unaffected.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Far East Orchard Ltd. ( (SG:O10) ) has shared an update.

Far East Orchard Limited announced a cybersecurity incident affecting its joint venture, TFE Hotels. The incident impacted TFE Hotels’ networks, but efforts are underway to restore systems and investigate further. Importantly, Far East Orchard’s networks remain unaffected. The company is monitoring the situation and will update stakeholders as necessary.

More about Far East Orchard Ltd.

Far East Orchard Limited is a company incorporated in Singapore, primarily involved in the hospitality industry. It holds a significant interest in Toga Hotel Holdings Unit Trust through its subsidiary Far East Hospitality Holdings Pte. Ltd., which operates TFE Hotels, a joint venture with Australia’s Toga Group.

YTD Price Performance: -2.14%

Average Trading Volume: 2,558

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €347.7M

For detailed information about O10 stock, go to TipRanks’ Stock Analysis page.

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