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
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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.
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