US EditionLate tycoon Deacon Chiu’s family eyes Macau hotel acquisition
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Late tycoon Deacon Chiu’s family eyes Macau hotel acquisition
Far East Holdings International has inked a memorandum of understanding, or MOU, signalling its intention to acquire a hotel property in Macau. As per a recent filing to Hong Kong’s stock exchange, the MOU was signed on Tuesday. The vendor offering to sell the company behind the hotel property has agreed not to negotiate with any other party for the following four months. Meanwhile, Far East will begin a review of the company’s financial standin…
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