Far East Holdings International Limited (Stock Code: 36) announced that on 24 October 2025, it received a letter from The Stock Exchange of Hong Kong Limited indicating the Listing Committee’s decision to uphold an earlier determination that the company has not maintained a sufficient level of operations and assets as required under Listing Rule 13.24.

The primary business—property investment—has operated on a small scale with several scattered property units and a minimal workforce. According to the announcement, this has generated limited rental income, which has been insufficient to cover finance costs. Despite referencing adverse market conditions in Hong Kong and noting a high occupancy rate, the company acknowledged that the income expected in FY2026 would still not offset finance expenses. Future acquisitions, including those in hotel operations and property-related services, remain at an early stage with uncertain timelines.

As of 31 December 2024, total assets amounted to HK$771.9 million, largely comprising HK$768.3 million in an investment property portfolio and HK$0.6 million in cash and bank balances. The company raised net proceeds from a rights issue for partial loan repayment and general working capital, yet it continues to negotiate repayment or conversion arrangements for upcoming loan maturities. Additional fundraising may be required for both potential acquisitions and loan obligations.

Under Rule 6.01(3), the Listing Committee decided to suspend trading in the company’s shares. Far East Holdings International Limited retains the right under Chapter 2B of the Listing Rules to request a further review of this decision by the Listing Review Committee on or before 4 November 2025. The outcome of any review remains uncertain, and shareholders are urged to seek professional advice regarding the implications of this ruling.