Far East Consortium Sells UK Office and Extends Loan in Discloseable Deal
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Far East Consortium International has agreed to sell a UK office property for £18 million and extend a £38.2 million loan to the buyer. The total transaction value is £65.2 million, with expected net proceeds of £19 million for working capital. This aligns with the company's strategy to divest non-core assets. The transactions are discloseable under Hong Kong listing rules, requiring reporting to stakeholders. The latest analyst rating for the stock is a Hold with a price target of HK$0.85.
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