Far East Consortium International Ltd. Announces Discloseable Transaction Involving HK$550 Million Mortgage Portfolio in Hong Kong

Reuters

Aug 01

<a href="https://laohu8.com/S/FRTCF">Far East Consortium International Ltd.</a> Announces Discloseable Transaction Involving HK$550 Million Mortgage Portfolio in <a href="https://laohu8.com/S/HKRHF">Hong Kong</a>

Far East Consortium International Ltd. has announced a discloseable transaction related to its mortgage portfolio in Hong Kong. The transaction involves first-lien mortgage facilities offered by the group to finance customers' purchases of its residential development units in Hong Kong. As of March 31, 2025, the total outstanding principal amount of these loans was approximately HK$550.98 million, with no impairment recorded in the company's accounts. The transaction is expected to improve the group's net debt and net gearing ratio by increasing cash proceeds while maintaining total debt levels. The company plans to comply with applicable listing rules for the disposal transaction.

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 August 01, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Announces Discloseable Transaction Involving HK$550 Million Mortgage Portfolio in Hong Kong","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/FRTCF\">Far East Consortium International Ltd.</a> Announces Discloseable Transaction Involving HK$550 Million Mortgage Portfolio in <a href=\"https://laohu8.com/S/HKRHF\">Hong Kong</a>\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/FEPTY\">Far East</a> Consortium International Ltd. has announced a discloseable transaction related to its mortgage portfolio in Hong Kong. The transaction involves first-lien mortgage facilities offered by the group to finance customers' purchases of its residential development units in Hong Kong. As of March 31, 2025, the total outstanding principal amount of these loans was approximately HK$550.98 million, with no impairment recorded in the company's accounts. The transaction is expected to improve the group's net debt and net gearing ratio by increasing cash proceeds while maintaining total debt levels. The company plans to comply with applicable listing rules for the disposal transaction.\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. 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Announces Discloseable Transaction Involving HK$550 Million Mortgage Portfolio in Hong Kong\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-01 19:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\" xmlns:newsg2=\"http://iptc.org/std/nar/2006-10-01/\" xmlns:xhtml=\"http://www.w3.org/1999/xhtml\"><head><title>\n      <a href=\"https://laohu8.com/S/FRTCF\">Far East Consortium International Ltd.</a> Announces Discloseable Transaction Involving HK$550 Million Mortgage Portfolio in <a href=\"https://laohu8.com/S/HKRHF\">Hong Kong</a>\n    </title></head><body><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n        <a href=\"https://laohu8.com/S/FEPTY\">Far East</a> Consortium International Ltd. has announced a discloseable transaction related to its mortgage portfolio in Hong Kong. The transaction involves first-lien mortgage facilities offered by the group to finance customers' purchases of its residential development units in Hong Kong. As of March 31, 2025, the total outstanding principal amount of these loans was approximately HK$550.98 million, with no impairment recorded in the company's accounts. The transaction is expected to improve the group's net debt and net gearing ratio by increasing cash proceeds while maintaining total debt levels. The company plans to comply with applicable listing rules for the disposal transaction.\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 on August 01, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00035","symbol_name":"远东发展","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250801:nNDL2LrZLM:1","article_id":"2556881886","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2556881886","pubTimestamp":1754047136,"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. Announces Discloseable Transaction Involving HK$550 Million Mortgage Portfolio in Hong Kong. Far East Consortium International Ltd. has announced a discloseable transaction related to its mortgage portfolio in Hong Kong. The transaction involves first-lien mortgage facilities offered by the group to finance customers' purchases of its residential development units in Hong Kong. As of March 31, 2025, the total outstanding principal amount of these loans was approximately HK$550.98 million, with no impairment recorded in the company's accounts. The transaction is expected to improve the group's net debt and net gearing ratio by increasing cash proceeds while maintaining total debt levels. The company plans to comply with applicable listing rules for the disposal transaction.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. 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The transaction is expected to improve the group's net debt and net gearing ratio by increasing cash proceeds while maintaining total debt levels. The company plans to comply with applicable listing rules for the disposal transaction.\n      \n\nDisclaimer: 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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