Far East Consortium Sells Australian Hotel Assets for A$100 Million

Reuters

2025/12/08

<a href="https://laohu8.com/S/FEPTY">Far East</a> Consortium Sells Australian Hotel Assets for A$100 Million

Far East Consortium International Ltd. has agreed to sell its interests in The Ritz Carlton Hotel in Perth, Australia, for a total consideration of A$100 million (approximately HK$515 million). The sale will see the company's wholly-owned Australian subsidiaries transfer the ownership of the hotel and related loans to an independent third-party purchaser. According to the company, the transaction is expected to realise the value of the hotel, crystallise gains, and increase liquidity for the group.

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-20251208-11948526), on December 08, 2025, and is solely responsible for the information contained therein.

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The sale will see the company's wholly-owned Australian subsidiaries transfer the ownership of the hotel and related loans to an independent third-party purchaser. According to the company, the transaction is expected to realise the value of the hotel, crystallise gains, and increase liquidity for the group.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>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. 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-20251208-11948526), on December 08, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00035","symbol_name":"遠東發展","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251208:nNDL1NGbtg:1","article_id":"2589584783","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2589584783","pubTimestamp":1765198448,"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 agreed to sell its interests in The Ritz Carlton Hotel in Perth, Australia, for a total consideration of A$100 million . The sale will see the company's wholly-owned Australian subsidiaries transfer the ownership of the hotel and related loans to an independent third-party purchaser. According to the company, the transaction is expected to realise the value of the hotel, crystallise gains, and increase liquidity for the group.Disclaimer: This news brief was created by Public Technologies  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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