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SCMP Reporter

Far East Consortium International (FEC) and its associate, Far East Holdings International (FEH), are planning to spin off their property operations in Malaysia and Australia in a separate listing on the Kuala Lumpur Stock Exchange.

  The combined operation is expected to be called Malaysia Land Holdings (Mayland).

  FEC proposes to inject about $75 million worth of Malaysian and Australian property development interests into Mayland.

  FEH will inject its interest in a golf course and residential development on the outskirts of Kuala Lumpur, together worth about $32.5 million, into Mayland.



FEC plans spin-offs