Mr. Chris HOONG, Managing Director of FEC, comments on the acquisition, "We are very excited about the tremendous opportunity in the tourism sector in Australia. Sheraton Grand Mirage in Gold Coast is a unique hotel property that offers not only existing cash flow stream but also potential development opportunity. The beachfront property is highly complementary to the Queen's Wharf Project in Brisbane and will add operating capacity to the Group's current portfolio of hotel property immediately."
About Far East Consortium International Limited
Far East Consortium International Limited has been listed on the Hong Kong Stock Exchange since 1972 (HKEx stock code: 35.HK). The Group is mainly engaged in property development and investment, hotel operation and management, as well as car park and facilities management. The Group adopts diversified regional strategy and the "Chinese Wallet" strategy with business covering Hong Kong, Mainland China, Australia, Malaysia, Singapore, the United Kingdom and New Zealand.
FEC official website:
For further information, please contact:
Far East Consortium International Limited
Ms. Venus Zhao, Head of Investor Relations and Corporate Finance
Contact Number: (852)2850 0639
Wonderful Sky Financial Group
Mr. Paul Sham / Ms. Martha Tung / Ms. Jacqueline Wong
Contact Number: (852) 3970 2170 / (852) 3641 1311 / (852) 3970 2177
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/fec-and-its-consortium-partners-completed-acquisition-of-sheraton-grand-mirage-resort-at-the-gold-coast-300402342.html
SOURCE Far East Consortium International Limited