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BRIEF-Far East Consortium International entered into sale and purchase agreement
March 3, 2017 / 1:12 PM / 9 months ago

BRIEF-Far East Consortium International entered into sale and purchase agreement

March 3 (Reuters) - Far East Consortium International Ltd :

* Vendor entered into sale and purchase agreement with purchaser

* Under the agreement, vendor has agreed to sell sale share and loan for aggregate for consideration of HK$450 million

* Vendor is Dorsett Hospitality International; purchaser is Golden Wheel Jasper Co Ltd

* Estimate that upon completion of sale, group is expected to record a gain from sale of about hk$316mln Source text for Eikon: Further company coverage:

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