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Far East Orchard enters into JV in relation to hospitality management business in China

Felicia Tan
Felicia Tan3/4/2022 9:14 PM GMT+08  • 2 min read
Far East Orchard enters into JV in relation to hospitality management business in China
The board is of the view that this is a good time to enter the Chinese market and grow the group’s global presence, says the group
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Far East Orchard, on March 4, announced that it has entered into a joint venture agreement (JVA) with Real Hospitality Group Asia Co in relation to a hospitality management business in China.

The JVA was entered into by the group’s subsidiary, Far East Hospitality Management Asia (FEHMA).

Under the JVA, FEHMA and Real Hospitality Group will set up a joint venture company (JVCo) in Hong Kong with a joint committed capital of RMB3 million ($645,000). The JVCo will then establish a wholly-owned subsidiary in China.

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