Brief: Far East Consortium International Announces Heads Of Agreement With Star Entertainment Group

Far East Consortium International

07/03/2025 04:24

March 7 (Reuters) - Far East Consortium International Ltd 0035.HK:

ENTERING INTO HEADS OF AGREEMENT WITH THE STAR

STAR WILL DISPOSE OF ITS 50% STAPLED EQUITY INTEREST IN QWB PROJECT

ENTERED HEADS OF AGREEMENT WITH CHOW TAI FOOK ENTERPRISES AND STAR ENTERTAINMENT GROUP

DISPOSAL EITHER BY WAY OF BUY-BACK OR CAPITAL REDUCTION, OTHERS

JV PARTNERS WILL ACQUIRE STRATEGIC ASSETS FROM STAR

JV PARTNERS WILL PAY STAR A$53 MILLION

STAR WILL ACQUIRE CO'S AND CTFE’S 66.67% STAPLED EQUITY INTEREST IN AGGREGATE IN THE GOLD COAST PROJECT

Further company coverage: 0035.HK

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