Core Viewpoint - The company, Far East Consortium International Limited, has entered into a conditional sale agreement to sell 50% of its shares in two subsidiaries, RC Perth Operations Pty Ltd and Perth FEC Pty Ltd, for a total consideration of AUD 100 million [1][2]. Group 1: Transaction Details - The sale agreement involves the seller's wholly-owned subsidiaries, FEC Holdings and FEC Hotel, and the buyer, The Generation Essentials Group [1]. - The transaction is subject to the terms and conditions outlined in the sale agreement [1]. - The target group includes an operating company, a property company, and an RC operating company, all registered in Australia [2]. Group 2: Company Operations - The operating company primarily engages in investment holding, while the property company focuses on property investment [2]. - The RC operating company is involved in hotel operations [2]. Group 3: Strategic Implications - The board believes the transaction will realize the value of the hotel, enable the reinvestment of proceeds, and enhance the group's liquidity while reducing the net asset liability ratio [2]. - The transaction aligns with the group's strategy to release development profits from its hotel portfolio and divest non-core assets [2].
远东发展(00035.HK)拟1亿澳元出售酒店物业 增加集团流动资金