Far East Consortium International ( (HK:0035) ) has provided an announcement.
Far East Consortium International Limited announced the sale of shares in BC Investment Group Holdings Limited, marking a significant discloseable transaction under Hong Kong’s Listing Rules. The transaction involves the sale of shares by the company’s indirect wholly-owned subsidiary to a purchaser, with a purchase price determined through arm’s length negotiations. This move is expected to impact the company’s financials and market positioning, as it aligns with strategic decisions to optimize asset management and shareholder value.
More about Far East Consortium International
Far East Consortium International Limited is a company incorporated in the Cayman Islands, primarily engaged in property development, hospitality, and car park operations. The company focuses on expanding its market presence across various regions, leveraging its diverse portfolio to maintain a competitive edge in the industry.
YTD Price Performance: -3.75%
Average Trading Volume: 470
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $326.4M
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