Far East Consortium International (HK:0035) has released an update.
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Far East Consortium International Limited has announced that its subsidiaries have entered into hotel management and trademark license agreements for the operation of hotels in Malaysia. These agreements, effective as of September 30, 2024, involve managing hotel operations and granting trademark licenses, with initial terms set to expire in March 2027 with options to renew. The transactions fall within reporting and review thresholds as per the Listing Rules, bypassing the need for a circular and independent shareholder approval.
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