March 7 (Reuters) - Far East Consortium International Ltd 0035.HK:
ENTERING INTO HEADS OF AGREEMENT WITH THE STAR
STAR WILL DISPOSE OF ITS 50% STAPLED EQUITY INTEREST IN QWB PROJECT
ENTERED HEADS OF AGREEMENT WITH CHOW TAI FOOK ENTERPRISES AND STAR ENTERTAINMENT GROUP
DISPOSAL EITHER BY WAY OF BUY-BACK OR CAPITAL REDUCTION, OTHERS
JV PARTNERS WILL ACQUIRE STRATEGIC ASSETS FROM STAR
JV PARTNERS WILL PAY STAR A$53 MILLION
STAR WILL ACQUIRE CO'S AND CTFE’S 66.67% STAPLED EQUITY INTEREST IN AGGREGATE IN THE GOLD COAST PROJECT
Further company coverage: 0035.HK
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