FE CONSORT INTL (00035) announced on December 8, 2025, that its wholly-owned subsidiaries, FEC Holdings and FEC Hotel, as sellers, entered into a sale and purchase agreement with The Generation Essentials Group (NYSE: TGE) as the buyer. The sellers conditionally agreed to sell, and the buyer conditionally agreed to purchase, the sale shares (representing 50% of the issued shares each in the operating company RC Perth Operations Pty Ltd and the property company Perth FEC Pty Ltd as of the completion date) and assume the sale loans, for a total consideration of AUD 100 million (approximately HKD 515 million).

The target group includes the operating company, property company, and RC Operations company. As of the announcement date, the operating company is an Australia-incorporated entity and a wholly-owned subsidiary of FEC Hotel, primarily engaged in investment holding. The property company, also incorporated in Australia, is a wholly-owned subsidiary of FEC Holdings and focuses on property investment. Meanwhile, RC Operations company, another Australia-based entity, is a wholly-owned subsidiary of FE CONSORT INTL and specializes in hotel operations.

The hotel in question is the Ritz-Carlton Perth, located at 1 Barrack St, Perth WA 6000, Australia. The board believes the transaction will unlock the hotel's value, enable capital recycling through proceeds realization, enhance the group's liquidity, and reduce its net debt-to-asset ratio. The deal aligns with the group's strategy of monetizing its hotel portfolio and divesting non-core assets.