FE CONSORT INTL (00035) has completed the acquisition of a 50% stake in THE STAR group from DBC.

23:53 31/03/2026

Far East Development (00035) announced that the company, along with Chow Tai Fook, completed the acquisition of 50% equity interest in The Star Group at DBC on March 31, 2026. Following the completion, the company and Chow Tai Fook each own 50% of DBC's equity. The company and Chow Tai Fook are expected to transfer a total of 66.66% equity interest in DGCC to The Star Group, DBC's acquisition of Treasury assets, and the company and Chow Tai Fook's acquisition of The Star Group's interest in the Charlotte Street JV are expected to be completed in the second half of 2026.

FE CONSORT INTL(00035) issued an announcement that the company and CHOW TAI FOOK have completed the acquisition of 50% equity of The Star Group in DBC on March 31, 2026. After completion, the company and CHOW TAI FOOK each own 50% equity of DBC. The company and CHOW TAI FOOK are transferring a total of 66.66% equity in DGCC to The Star Group, DBC is acquiring Treasury assets, and the expected acquisition of the company and CHOW TAI FOOK's equity in The Star Group in Charlotte Street JV is expected to be completed in the second half of 2026.

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