Edition:
India

Far East Consortium International Ltd (0035.HK)

0035.HK on Hong Kong Stock

2.41HKD
3 Jul 2020
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Latest Key Developments (Source: Significant Developments)

Far East Consortium International FY Net Profit Attributable HK$366 Mln
Tuesday, 30 Jun 2020 

June 30 (Reuters) - Far East Consortium International Ltd <0035.HK>::FY NET PROFIT ATTRIBUTABLE DECREASED BY 78.7% TO HK$366 MILLION.FY REVENUE UP 8.9% TO HK$7.5 BILLION.FINAL DIVIDEND OF HK15.0 CENTS PER SHARE DECLARED.TAKEN MITIGATION & COST CONTROL MEASURES; REDUCING OVERHEADS IN HOTEL & GAMING OPERATIONS THROUGH STANDING DOWN OPERATING WORKFORCE.STREAMLINING OF OPERATIONS INCLUDING REDUCING WORKFORCE IN CERTAIN OPERATIONS.  Full Article

Far East Consortium International Updates On Potential Spin-Off Of Certain Hospitality Properties
Thursday, 28 Nov 2019 

Nov 28 (Reuters) - Far East Consortium International Ltd <0035.HK>::POTENTIAL SPIN-OFF AND SEPARATE LISTING OF CERTAIN HOSPITALITY PROPERTIES STILL AT AN EARLY STAGE.  Full Article

Far East Consortium International To Form JVs For Acquisition Of Hotel In Singapore
Thursday, 19 Sep 2019 

Sept 19 (Reuters) - Far East Consortium International Ltd <0035.HK>::ANNOUNCES FORMATION OF JOINT VENTURES FOR ACQUISITION OF HOTEL IN SINGAPORE AT S$289 MILLION.DORSETT AND AMTD FORMED JVCOS AND ENTERED INTO SHAREHOLDERS' AGREEMENTS WITH RESPECTIVE JVCO.GROUP'S TOTAL COMMITMENT FOR FORMATION OF JVCOS FOR ACQUISITIONS IS S$141.6 MILLION.  Full Article

Far East Consortium Int'l Announces Proposed Issue Of Further Senior Guaranteed Perpetual Capital Notes
Wednesday, 11 Sep 2019 

Sept 11 (Reuters) - Far East Consortium International Ltd <0035.HK>::FAR EAST CONSORTIUM INTERNATIONAL ANNOUNCES PROPOSED ISSUE OF FURTHER U.S.$50 MILLION 7.375 PER CENT. SENIOR GUARANTEED PERPETUAL CAPITAL NOTES.  Full Article

Far East Consortium International Says Co Proposed Issue Of U.S.$250.0 Mln Perpetual Capital Notes
Friday, 6 Sep 2019 

Sept 6 (Reuters) - Far East Consortium International Ltd <0035.HK>::PROPOSED ISSUE OF U.S.$250.0 MILLION 7.375 PER CENT SENIOR GUARANTEED PERPETUAL CAPITAL NOTES BY FEC FINANCE LTD.  Full Article

Far East Consortium International Posts FY Net Profit Attributable HK$1,714 Mln
Thursday, 20 Jun 2019 

June 20 (Reuters) - Far East Consortium International Ltd <0035.HK>::FY REVENUE GREW YEAR-ON-YEAR BY 17.3% TO HK$6,842 MILLION.FY NET PROFIT ATTRIBUTABLE HK$1,714 MILLION VERSUS HK$1,567 MILLION.PROPOSED FINAL DIVIDEND FOR YEAR ENDED 31 MARCH 2019 OF HK18.0 CENTS PER SHARE.  Full Article

Far East Consortium International Announces Acquisition Of Shareholding In BC Group
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Far East Consortium International Ltd <0035.HK>::ANNOUNCES ACQUISITION OF MAJORITY SHAREHOLDING IN BC GROUP FOLLOWING A REORGANISATION.ANNOUNCES REORGANISATION INVOLVING ITS EXISTING STAKE OF 37.5% IN BC FINANCE SERVICES AND BC SECURITIES (HK).UPON COMPLETION, GROUP WILL HOLD 67.55% OF BC GROUP AND BC GROUP WILL BECOME HOLDING CO OF BC SECURITIES.CO'S INTERESTS IN BC FINANCE SERVICES AND BC SECURITIES (HK) WILL BE EXCHANGED FOR SHARES IN BC GROUP.NEW INVESTORS TO SUBSCRIBE FOR NEW SHARES REPRESENTING 25% OF SHARE CAPITAL IN BC GROUP FOR A$15 MILLION.  Full Article