Far East Consortium Terminates Agreement with The Star, Alters Financial Obligations in Real Estate JV

Reuters
06-30
Far East Consortium Terminates Agreement with The Star, Alters Financial Obligations in Real Estate JV

Far East Consortium International Limited has announced the termination of the Heads of Agreement with The Star regarding a real estate project. The decision follows negotiations between the company and The Star, alongside their respective advisers. As part of the termination terms, The Star is obliged to repay A$10 million (approximately HK$51.3 million) within 30 days. If the repayment is not made within the stipulated period, The Star will need to transfer its 33.3% interest in Tower 1 (Dorsett) to the Joint Venture Partners. Consequently, the Joint Venture Partners will no longer be required to make a third tranche payment of A$8 million (approximately HK$41.0 million) to The Star. This development is part of Far East Consortium's compliance with the relevant listing rules. Flagstaff Partners serves as the Australian financial adviser for the Joint Venture Partners in this matter.

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 on June 30, 2025, and is solely responsible for the information contained therein.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10