Far East Consortium confirms asset sale, posts interim loss.

Far East Consortium International Limited (FEC) announced the conditional disposal of certain Malaysian assets, including carpark units, a residential unit, and a shop parcel in Plaza Damas, Kuala Lumpur. The transaction, valued at MYR55 million, is with Surplus Pact (MM2H) Sdn. Bhd., a company indirectly wholly-owned by Tan Sri Dato' David Chiu, an executive director and controlling shareholder of FEC, and his spouse. The disposal is expected to generate a gain of approximately MYR39,783,000 for FEC.

This divestment aligns with FEC's strategy of monetizing non-core assets to enhance liquidity and reduce net gearing. In its interim report for the six months ended 30 September 2025, FEC recorded a loss attributable to shareholders of HK$988,420,000 and reported adjusted revenue of HK$4,940,044,000. Adjusted net gearing ratio decreased to 64.9% from 67.6% as of 31 March 2025.

No interim dividend was declared for the period, compared to HK1.0 cent per share in the previous year. The company continues to advance property development projects globally, with a pipeline of HK$61.8 bn attributable GDV, and actively manages its hotel, car park, and gaming operations across Asia Pacific and Europe.