Far East

PARADISE in Penang

For sun-seekers aspiring to a home away from home, Malaysia is the land of plenty. Famed for its idyllic islands, the bejewelled archipelago boasts more than 4,600km of coastline, and a choice of gorgeous islands for putting up one's shingle.

Friday, 22 June, 2012, 12:00am

Witness goes missing in Far East fraud case

An arrest warrent has been issued for the former accounting clerk of Far East Holdings International, Joe Wong Tang-yik, a key witness in the HK$61 million fraud case against the company's ex-managing director, Duncan Chiu, after Wong failed to appear in court on Thursday to give evidence.

11 Feb 2012 - 12:00am

Far East revives HK$4b reit listing plan

The much-delayed plan of mid-tier property developer Far East Consortium International to float separately its 10-hotel portfolio in a real estate investment trust in Hong Kong for up to HK$4 billion has finally regained steam, sources say.

The listing is expected late next month at the latest, they say.

14 Jan 2008 - 12:00am

Far East sees profit fall 19pc as new rules bite

Greater China property developer and hotel operator Far East Consortium has posted a 19 per cent fall in net profit for the year ended March, largely due to the previous year's one-off gains and revaluations related to changes in Hong Kong accounting standards.

It said development profits for this year would reflect some deferred gains.

17 Jul 2006 - 12:00am

Last Post - The End of Empire in the Far East

Last Post - The End of Empire in the Far East

by John Keay

John Murray $150

12 Jun 2005 - 12:00am

Far East considers Tsuen Wan options

Far East Consortium International is considering redeveloping an old property in Tsuen Wan for residential or commercial use.

Sources said the developer was studying various redevelopment options for its rental property - Far East Bank Tsuen Wan Building in Tsuen Wan.

20 Feb 2002 - 12:00am

Far East ripe for bond

Far East Consortium International plans to issue a HK$200 million bond next month. Deputy chairman David Chiu Tat-cheong said now was the best time for issuing bonds and pursuing land acquisitions, considering the falling interest rates.

28 Aug 2001 - 12:00am

'Silver scam' office raid

Eighteen men and nine women were detained during a raid on the offices of Million Profit (Far East) in Jaffe Road, Wan Chai, after investigations into an alleged London silver trading scam involving $5 million.

8 Dec 1999 - 12:00am

Albatronics stakes pledged

Electronics group Albatronics (Far East) said two substantial shareholders had pledged most of their interest in the company to financial institutions as collateral, but none of the shares had been sold on Tuesday.

11 Feb 1999 - 12:00am

Debt restructuring in works

Albatronics (Far East) is considering a debt restructuring plan to be put to the board for approval tomorrow, along with results for the nine months to the end of December. The company said it was not aware of the reasons for the recent decrease in its share price and increase in turnover.

5 Feb 1999 - 12:00am

Far East stake faces disposal

Far East Aluminium (Holdings) said its controlling shareholder Panorama International was in talks to sell all of its 60.14 per cent stake in Far East. Directors of Far East also announced that according to the unaudited consolidated management accounts for the 11 months to November, the group had suffered losses amounting to about $145 million.

26 Jan 1999 - 12:00am

Massive VCD provisions pull Albatronics $309m into the red

Huge provisions for discontinuation of video compact disc products and doubtful receivables saw Albatronics (Far East) incur an attributable loss of $309.6 million for the six months to September. Turnover was $1.19 billion. The loss per share was $1.54. No interim dividend will be paid.

7 Jan 1999 - 12:00am

Albatronics misses deadline

Albatronics (Far East) said it will miss today's deadline for announcing its interim results for the six months to September, breaching the stock exchange Listing Agreement. The exchange has said it reserves the right to take action. The company will announce its results on January 7, with a shareholders' meeting to approve the results on January 6.

31 Dec 1998 - 12:00am

Far East losses narrow to $9.2m

Far East Holdings International has managed to narrow its attributable losses to $9.23 million for the six months to June 30, down from $9.63 million for the first half of last year. This comes despite reporting a $5.96 million exceptional loss against investments, after reporting a $1.28 million exceptional loss last year.

28 Sep 1998 - 12:00am

Far East buys luxury homes

Far East Holdings International has entered into agreements to buy 52 luxury apartments and penthouses in Malaysia for M$19.82 million (about HK$38.25 million) from Binabaik. The properties, with a total floor area of about 7,554 square metres, are expected to generate a return on investment of about 6-7 per cent a year when fully let.

10 Jun 1998 - 12:00am