Far East Consortium Sells Malaysia Assets for MYR55 Million

Reuters

2025/12/22

<a href="https://laohu8.com/S/FEPTY">Far East</a> Consortium Sells Malaysia Assets for MYR55 Million

Far East Consortium International Ltd. has announced that its indirect wholly-owned subsidiary, Target Term Sdn. Bhd., has agreed to sell certain assets in Malaysia to Surplus Pact (MM2H) Sdn. Bhd. for a total consideration of MYR55 million (approximately HK$104.5 million). The purchaser is indirectly wholly-owned by Executive Director and CEO Tan Sri Dato' David Chiu and his spouse. The transaction constitutes a connected transaction under the Hong Kong Listing Rules and is subject to reporting and announcement requirements.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Far East Consortium International Ltd. published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20251222-11964245), on December 22, 2025, and is solely responsible for the information contained therein.

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Bhd., has agreed to sell certain assets in Malaysia to Surplus Pact (MM2H) Sdn. Bhd. for a total consideration of MYR55 million (approximately HK$104.5 million). The purchaser is indirectly wholly-owned by Executive Director and CEO Tan Sri Dato' David Chiu and his spouse. The transaction constitutes a connected transaction under the Hong Kong Listing Rules and is subject to reporting and announcement requirements.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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ID: HKEX-EPS-20251222-11964245), on December 22, 2025, and is solely responsible for the information contained therein.</span></i>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1240","symbol_name":"房地产开发","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251222:nNDL7QLrF0:1","article_id":"2593435613","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2593435613","pubTimestamp":1766414930,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Far East Consortium International Ltd. has announced that its indirect wholly-owned subsidiary, Target Term Sdn. 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