SINGAPORE (Nov 28): Far East Consortium International, a property development and hospitality group listed on the Hong Kong Stock Exchange (HKEX), is said to be eyeing a listing of its overseas hospitality assets on the Singapore Exchange (SGX), according to various news sources.

The conglomerate holds a strategic investment in Dorsett Hospitality International, which owns and manages hotels across Europe, Asia and Australia. In Singapore, the group runs the Dorsett Singapore hotel, located just outside of the central business district.

Citing people familiar with the process, Dow Jones Newswires said Far East Consortium is planning to raise as much as US$400 million ($546 million) through the initial public offering of a real estate investment trust.

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