Core Viewpoint - Far East Consortium (00035) has announced that a subsidiary is in discussions to potentially sell its interests in the Ritz-Carlton hotel in Perth, Australia, to a wholly-owned subsidiary of Shun Cheong Group Limited [1] Summary by Relevant Sections - **Transaction Details** - The buyer is required to pay an initial amount of AUD 20 million (approximately HKD 101.2 million) within five business days from the date of the term sheet [1] - The initial payment is refundable based on the relevant terms outlined in the agreement [1] - **Legal and Regulatory Aspects** - The term sheet includes clauses related to confidentiality, fees, regulatory laws, and the initial payment, but it is not legally binding [1] - **Ownership Structure Post-Transaction** - If the proposed transaction is completed as per the terms outlined, the target company will be jointly owned by the group and the buyer [1]