FEC’s Dorsett Hospitality to Sell Silka West Kowloon to Golden Wheel Jasper for HK$450 Million (US $58M)

Far East Consortium International Limited | March 6, 2017

HONG KONG, March 6, 2017 -- Far East Consortium International Limited ("FEC" or the "Group"; SEHK: 35) is pleased to announce that on 3 March 2017 (after trading hours), Dorsett Hospitality International Limited ("Dorsett Hospitality"), a wholly owned subsidiary of the Group, entered into a Sale and Purchase Agreement with Golden Wheel Jasper Company Limited ("Golden Wheel Jasper"), a subsidiary of Golden Wheel Tiandi Holdings Company Limited (SEHK: 1232), whereby Dorsett Hospitality agreed to sell Silka West Kowloon (the "Hotel"), which is located at 48 Anchor Street, Kowloon, Hong Kong...