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FE CONSORT INTL Enters into Term Sheet Regarding Potential Disposal of Property Rights of Ritz Carlton Hotel in Australia, Involving 1st Instalment of ~$100M
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A subsidiary of FE CONSORT INTL (00035.HK) has entered into a term sheet in respect of a possible disposal of certain interest in the company holding the title or other rights in respect of The Ritz Carlton Hotel in Perth, Australia to a wholly-owned subsidiary of AMTD Group, as announced by FE CONSORT INTL. Under the term sheet, a first instalment of AUD20 million (equivalent to approx. $101 million) shall be paid to the Company within five business days from the date of the term sheet which is refundable in accordance with the relevant terms. The term sheet is not legally binding save for certain provisions including confidentiality, expenses, governing law and the first instalment. AAStocks Financial News Website: www.aastocks.com |
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