chow tai fook enterprises
FEC and Its Consortium Partners Completed Acquisition of Sheraton Grand Mirage Resort at the Gold Coast
Far East Consortium International Limited | February 6, 2017
HONG KONG, Feb. 6, 2017 - Far East Consortium International Limited ("FEC" or the "Group"; SEHK: 35) is pleased to announce that it has completed the acquisition of the Sheraton Grand Mirage Resort at the Gold Coast, Australia, together with its pre-eminent international partners, The Star Entertainment Group Limited and Chow Tai Fook Enterprises Limited. The acquisition is financed by a combination of bank loan and equity from the respective partners. The Group's equity contribution for the acquisition is approximately A$20m, and the Group will have 25% interest in the joint venture. Sheraton Grand Mirage is an ...
Opening Baha Mar: Another Step Closer
Chow Tai Fook Enterprises Limited | October 28, 2016
NASSAU, Bahamas, Oct. 28, 2016 -- Chow Tai Fook Enterprises Limited (CTFE) is pleased to announce that it has entered into negotiations in connection with the ownership of Baha Mar. CTFE, a world-class developer with immense experience in global hospitality and mixed-use development, has applied to the Government of The Bahamas for approval as a proposed investor and acquirer of the Baha Mar Resort, by way of acquisition of Perfect Luck Assets Limited (Perfect Luck), the company to which certain assets of the Baha Mar Resort have been transferred. Not only does CTFE have a vast and diverse portfolio of global business operations, but on...
