Far East Consortium's acquisition of controlling stake in EHT falls through
No definitive agreement relating to the transaction has been inked since the announcement on June 3
Add BT as a preferred source
Singapore
HONG Kong-listed property conglomerate Far East Consortium International (FECIL) will not be proceeding with the proposed acquisition of a controlling stake in Eagle Hospitality Trust's (EHT) manager, EHT's manager said in a regulatory filing late Thursday.
On June 3, EHT had announced that FECIL had inked a non-binding conditional proposal with Urban Commons. FECIL was to acquire 70 per cent in both EHT's Reit manager and its trustee-manager.
TRENDING NOW
‘I felt like dying’: Thai Singha beer scion speaks up after disclosure of alleged sexual abuse
Japan’s Asics to spin off popular Onitsuka Tiger sneaker business; shares rise
CDL, Hong Realty trump 3 other bidders with S$542.4 million offer at S$1,865 psf ppr for Peck Hay plot
The returnees: Inside China’s AI talent reversal
